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Old 12th Jun 2006, 21:05
  #21 (permalink)  
discus2
 
Join Date: May 2006
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The Embraer was one of their fantasy, part of the scam given to IBL as a catcher.
They now have a second B190D sitting in Madagascar for over a month which has not flown a single hour !
Again no deal was secured there, just BS given to holding group for it to invest.
They are desperatly trying to get charter med /evacs runs through subcontract from a local outfit. So far, the market has been over estimated...(again)
The RRG-MRu flights have been downsized lately due to lack of Pax, while even full loads would have made them loose tremendous amounts of money.
French civil aviation has also turned down charter 6 months permit to ZSE due to ecclectic political situation.
Maurician governements does not seem to be keen on granting them a designation as Mauritian carrier towards schedules flights. Hence, the french permit rejection , most likely again, under political/econ Pressure from UU + very poor loads this winter season ( thanx to chikungaya)
First signs of the flu...
How IBl is going to get out of this situtation is the million dollar question.
Poorly planned and managed by well known Europeans ( for their huge success back a few years ) from day one.
The all thing is spiraling down to an economic catastrophy.
Indeed,sad for all the dedicated mauritians who have invested money, time and energy in this promising project.
They'll be the ones suffering at the end of the day.
How IBl is going to get out of this situtation is the million dollar question.

Last edited by discus2; 13th Jun 2006 at 14:10.
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