PPRuNe Forums - View Single Post - Royal Tongan Airlines Grounded.
View Single Post
Old 20th May 2004, 08:01
  #5 (permalink)  
Kwaj mate
 
Join Date: Dec 2002
Location: Ebye
Posts: 125
Likes: 0
Received 0 Likes on 0 Posts
They did a great job

Not only did their GM do a number on the 757 operation, he ripped the heart out of the domestic operation as well.
Their domestic services had been reduced to a just few flights a week due to U/S aircraft & then it was unable to even get one aircraft into the air.
So many local people had put so much effort into keeping their domestic flights operational.
There is much that can be said, but better to keep quiet at this time.
There is money to be made; total revenue of about TOP5.8m in domestic & regional services with one each DH6-300 & DH8-100.
This would give about TOP0.85m profit before taxes. Net profit would be about TOP0.7m.
In a "return on investment" assessment, this is just over 70% as it would be <TOP1.0m to buy the assetts & lease the required aircraft & spares package.
It is a shame that one man can almost bankrupt a whole country. let alone the airline, on his vanity.
Kwaj mate is offline