$1.2 Billion in Debt, another $3.0 billion in outstanding bill payments (Fuel 4 months salaries, Lessor charges, ground handling etc), a general election in progress with the main theme being crony capitalism, a promoter who with his savvy connections for the better part of 20 years created giant speed bumps in the industry for competition as well an environment that has one of the highest costs with one of the lowest per revenue seat yields & a government with red tape by the ton...it is very hard for anyone to even consider resurrecting this airline. They could start one afresh for a 10th of that amount with no baggage.
Having said that they did usher in a better service standard but lost the plot in 2008 when they had a hair brained scheme to buy a low cost & merge them. Having flown them a million miles sorry to see them go but glad the name when it goes will be untarnished by a hull write off or any loss of life.