facts?
The fact here is that the airline u mention has managed to run up R680 mill in debt. And thats NOT on fixed assets, thats to finance operating losses.
And just for the record, OPERATING PROFIT is the profit BEFORE finance cost of aircraft. That doesnt count.
Before anybody here goes off the deep end, I am not having a go at the ppl that work at these said airlines!!!
I think we all agree that the only long term solution for a healthy, fair, profitable airline industry is for the state to sell up its stakes and let the market work its magic.