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Old 1st Nov 2001, 15:42
  #10 (permalink)  
Hooking Fell
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Mishandled:

If Atraxis is indeed a booming business, it won't be hard to find a buyer for it. However, I believe LH have been looking at Atraxis for over three months (i.e. since before 9/11) and haven't made up their minds, let alone carried out any due diligence.

Alas, you missed my point. Why sink taxpayer funds into what is essentially a new airline with a very uncertain future when you could buy a large carrier on the stock exchange for the same money? This whole "New SR" is pure political opportunism and expediency - the mere fact that the cash flow situation of SR subsidiaries has been conveniently forgotten in the process would serve to underpin my view.

As they say in Switzerland: der Wirtschaft die Gewinne - dem Staat die Verluste.....

[ 01 November 2001: Message edited by: Hooking Fell ]