Avroliner
We're all hoping that Azzurra makes it through to better times and out thoughts are with you.
Yes indeed, KM is now hitting bad times, partly (read mainly) due to the losses at Azzurra. Why they lost LM 6 million ($US15 million) last announced financial year (was that 2002?) has still not been explained or even quantified. This years losses ( pre grounding of RJ fleet) are expected to be even higher. Why? Let alone current financial situation.
Not only this, but KM has also millions in capital tied up in loan guaranties for ZS, as well as lease guaranties on all the RJs, now sold to a bank, idle or not.
Nobody can go on throwing money into a bottomless pit, moreover when reasons for such are not fully comprehensible.