Hacker 007,
I'd like to give them the BOD, and lawyer 71, I do think these guys are just being over-ambitious, rather than deliberately mischievous, but it doesn't change my opinion that the airline makes for a very dodgy investment.
I find the association of share ownership with employment opportunity to be particularly worrying - this makes them look more like a ponzi scheme than a legitimate airline.
I have acquired a copy of the business plan, and consider their projections to be extremely poorly thought out.
There is so much confusion over leasing arrangements, but the most bizarre concept is that they will operate on margins of almost 25% from year one. Any historians out there like to comment?
I also see no allowances for insurance, and just 0.5% of turnover spend on marketing, nothing for distribution costs etc. The list could go on, but at least this thread is very visible for anyone who wants to google "Air Sylhet".