PPRuNe Forums - View Single Post - Transnet to sell SAX ???
View Single Post
Old 21st Jun 2007, 04:59
  #10 (permalink)  
Avi8tor
 
Join Date: Sep 2001
Location: Dubai
Age: 56
Posts: 469
Likes: 0
Received 0 Likes on 0 Posts
SAX profit? Lets wait to we see the full trading statements. I refer everybody to read the articles:

http://www.businessday.co.za/Article...spx?ID=2584324

SAX has huge maintance coming. NO provision in its last statements, wonder if its in this years books?

And also before the bubbly is on ice, OPERATING profile is that BEFORE you have paid your aircraft. Lets see if in the fine print we find SAX recieved more of YOUR tax payers ZAR's.

Like SAA's profits, its all smoke and mirriors. If SAX was making any money, Comair would not have walked away. And NO other interest is forth coming.
Avi8tor is offline