Personally can't see a buyout as all the majors want the strategic partnership and do/don't want it going to Star/SkyTeam.
While I agree the 7℅ free float and associated cost is horribly inefficient, suspect it also helps with the argument that Virgin/Tiger should have International rights under the grandfathered structure (and obviously recent issues with Indonesia)
Personally can't see a buyout as all the majors want the...
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