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African Aviation Regional issues that affect the numerous pilots who work in this area of the world.

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Old 17th Jul 2017, 11:33   #1 (permalink)
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Curious Tale of Airbus and the African Gold Mine

Shares bought using bank havens. A helicopter deal. The Geneva prosecutor has questions.

https://www.bloomberg.com/news/featu...swiss-scrutiny
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Old 17th Jul 2017, 12:11   #2 (permalink)
 
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following.....this could be better that Trump vs the "news" media
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Old 17th Jul 2017, 12:42   #3 (permalink)
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Welcome to Africa and the classic line, "African solutions to African problems" ...
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Old 17th Jul 2017, 13:08   #4 (permalink)
 
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The only surprise is that people are surprised by this.
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Old 17th Jul 2017, 14:02   #5 (permalink)
 
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Yawn. This is how almost all intl business is done on the continent. I used to work with a large IT company in the intl support and marketing. The graft was expected, and everyone knew it from the start. We just added about 10-15% to the price tag to cover the sweeteners.

If they start looking under African financial rocks, they are going to find a lot of worms. Further, 15Mil Euro is a rounding error to Airbus. They sold the copters - right?
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Old 17th Jul 2017, 14:47   #6 (permalink)
 
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They are called "offsets" in polite company. This appears to be a JB candidate.
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Old 17th Jul 2017, 15:28   #7 (permalink)
 
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In my business they're known as "facilitation payments."

FCPA? What's that?
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Old 17th Jul 2017, 21:39   #8 (permalink)
 
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Quote:
Originally Posted by ethicalconundrum View Post
They sold the copters - right?
Sure. Two second-hand antique Pumas.

Wow!
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Old 17th Jul 2017, 22:12   #9 (permalink)
 
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And what about the P4-PRM BBJ in Bamako? who owns it?

IBK, three years after: the Mali near collapse - MALI'S NEWS
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Old 19th Jul 2017, 07:44   #10 (permalink)
 
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Airbus executives told partners in the transaction that the fund was set up to diversify the company’s risks, according to two people they spoke with. A third person said their rationale for the fund was to enter emerging markets.

Emerging markets indeed..
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