is a takeover possible, page-17

I could not disagree more with the second part of your post but let's see what happens in the next few months. In my view it is already in the making and it will be interesting to see how things unfold. All of the major shareholders paid much more than the current SP and they have indicated repeatedly that they are unhappy with where the SP currently sits. One thing that surprised me was that Buffet has yet again increased his investments in airlines (as I thought he was out again after Trump/OPEC etc.), so perhaps there is potential for upside and positive announcements from VAH in terms of its profitability in the next couple of months?