I agree, 30c sounds very cheap but maybe HNA has agreed to more than what we can see at face value? Let's wait for the outcome of the UBS/VAH capital restructure review which may be more positive to the SP than many people currently think. For the moment I am happy to see plenty of opportunities that come with HNA and the oil price falling again.
News: UPDATE 1-Virgin Australia says China's HNA Aviation to buy major stake, page-8
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