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That’s why they are looking at Corporate Exercises at Tune Protect (divestment) and CapA now but valuation low at this juncture based on AA predicament (inter-linked and reliance on AA business). Highly indebted companies all facing the same headache based on rising global borrowing yields and risks aspects.
aagb is not backed by assets as almost everything is leased :) there is no list of properties held either. keep flying and keep refinancing is the only way to survive?
