Originally Posted by
virginexcess
The only person that ‘stripped’ anything out of this airline is John Borghetti. His major skillset was facillitating the transfer of large sums of money from gullible investors into his pockets.
Hogan (EY) and SQ are just as responsible for being "yes" men to JB's CapEx spending, even rolling in the money themselves willingly for little return.
The then-management of EY and SQ are now gone (IIRC Hogan jumped before he got pushed from the EY job), and the current management of both entities could not care less about VA thse days as they shore up their own balance sheets.
EY and SQ both have a dismal record at overseas investments, so why people still consider SIA as a "so-called saviour" for airlines despite SQ's mediocre record overall is beyond me.