obiero wrote:VituVingiSana wrote:Forget about borrowing 10bn to pay off redundant, incompetent or thieving staff. Enter into bankruptcy and fire their arses.
labor laws.. and law suits would be cheaper? plus which national airline with substantial govt holding has ever filed for bankruptcy
What's the status of Air Tanzania?
Why shouldn't an airline with substantial government holding file for bankruptcy instead of wasting taxpayer funds?
The Futility of the Government Airline Bailout
Government Assistance Does Not Guarantee Business Success
https://fee.org/articles...rnment-airline-bailout/
Another airline with government shares goes bankrupt.
JAL files for bankruptcy in record failure
http://www.japantimes.co...uptcy-in-record-failure/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett