I reckon this is the turning point for VAH. It is undervalued and they've been through the fire, cash flow and debt looking so much better. Fantastic backing assets and barriers to entry in this space are considerable. Management issues sorted. Short term flights into Aus scaling up steeply according to ABS / visitors up in 2017 by almost double digits. Fuel and expendable costs flat.
Happy to be on board
There is light..., page-26
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