Oh Juddles your posts always make for an interesting read
QF will absolutely come through this.
The government will ensure that - if it comes to that. In what form they come through is not clear of course. QFi may be grounded and with a very limited network for a while. If QF group was the sole survivor then I think we’d see a forced divesture of Jetstar if nothing new rose from the ashes of VA.
But my personal opinion is that VA will come through too... I’m a little constrained about what I can post in this forum now but what I can say is the AU government will be placing a very firm foot on the neck of their foreign government controlled owners to see what they can make them cough up. Again what form VA will come through this mess in is uncertain.
VA’s biggest weakness right now is that they are not ‘too big to fail’. There are bigger companies that are in equal dire straits.
The government won’t be able to save everyone and they also can’t be seen to be be inequitable in their approach.
They will also be holding back to the absolute last minute to do anything drastic as well, they will expect companies to do as much heavy lifting as possible and yes that might mean the VA and QF FF stores limiting redemptions even further.