Interview Transcript

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I'm trying to understand what these companies and the industry might look like in 10 years and whether investors will do well. Before I start asking my questions, please go ahead and give me an overview.

If you strip away these one-off deferred tax credits, you've made zero money. Your cash is still positive because you're doing sale and leaseback of quite a lot of these aircraft. If you're looking to hold the tail of a tiger, Wizz is the one you want to be holding. If you're looking for sustainable, profitable growth, I think Ryanair wins, hands down. If Wizz has 200 aircraft and every aircraft should be making $3 million or $4 million by default, that's the magnitude of where it should be. In this case, the share price should be £50 or £60, not £11.

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