Government deal for QF to be costly

[markis10]

Mr Truss said the government would not be a banker for Qantas or any other airline. "What they've asked for is some sort of standby facility that gives a higher level of assurance about their credit rating."
The facility would be meant to make the ratings agencies classify Qantas as a government-related entity, in a move that could allow the airline to regain its investment-grade credit rating.
Qantas could then issue new debt, not guaranteed by the government, on bond markets under its own credit rating rather than refinance while it has a junk rating.
The investment grade rating would also ensure Qantas did not need to place hundreds of millions of dollars received from credit card companies for tickets that had been booked but not yet used into restricted accounts in the future.


Read more: Any Qantas debt deal to be costly, warns Warren Truss

 

[desiredusername]

didn't the Magic Dwarfs whisk all the expenses for running Jester away from Jestar and run the expenses over into Qantas to make Qantas look poor and broke? Audit Qantas first, after putting executives on the rack and grilling them. (Medium Rare is best).

 

[Mal]

Yes. Before any government bailout of Qantas, I want Joyce gone. I want at least half the board spilled and a full audit of the books done.