Going concern13 Jun 2019 12:57
I think what many posters have forgotten is that tcg do NOT have to sell the travel business, ok they have decided to sell the airline side and that will find homes, condor will go to Germany for a great price, long haul will go somewhere for a good price and the rest will be bought by someone.
Whatever they make will be cash in hand / bank, the bod's can then decide if they want to pay down debt or even use it to expand more, It's NOT the banks that have control here.
Bonds are not due for another few years and can / will be paid back from income / new loan agreements.
But many still think tcg have to sell the rest, but they don't and will only do so if/ when they get a great offer from someone maybe Fosun.