WEE CHOO KEONG
In other words,AA has to ratchet up its earnings to an average of 5 billion per annum to meet its future dues.
Its cash trove rose 6 fold from approximately 300 million to 1.7 billion but its debts skyrocketed from 1.05 billion in 2006 to 7.7 billion in 2010, an increase of 700%. One gets the ghastly feeling that this is a debt burden that is spiralling out of control.
To compound the issue, the world economy including Asia’s will be into another maelstrom and air travel will invariably be hit.
Comment by : WARRIOR 123