Wow Huyin,
That's some serious reading, I scanned it first, then read it again and then again, so much information. Clearly 100's of pages of prune summarised 
I dont really have time to respond in detail at the moment other than to correct you that I am a union member, however not a union representative.
The newspaper article you referred to was this one that cited different figures was this one http://allafrica.com/stories/200708210290.html which indeed states that VA have a 49% stake in Nigeria so losses would have been £20Mil (UK) $40m (US), The old story is archived now butthere is summary here from my old prune post http://www.pprune.org/forums/showpos...1&postcount=92
What I did also note whilst searching for this archive (reason post is now longer), given the losses made in Nigeria last year and and how that dented our bottom line, it is interesting to note from that in November they announced to spend N101,375 Billion on new embraer aircraft,
24 aircraft, 10 to be supplied between Sep 2008 and 2011.
http://allafrica.com/stories/200711120989.html
The value of the confirmed 10 alone is 310 US Million !! and 800 Million if all options are exercised. http://finance.optimum.net/optonline?GUID=3769989&Page=MediaViewer&Ticker=ERJ
Of course this is not directly us, but we do have a 49% stake in the company, I guess it isn't doing all that badly after all, .. to declare losses of 80Million (US)last year, kindly giving us half those losses and buy 320 Million (US) worth of kit this year !! but I suppose it isnt loads given their revenue went from £1.88B the year before to £2.14B last year they are obviously doing okay. I wonder if they make a profit this year ?, I very much doubt it probably just another year of increased pax, increased revenue, new aircraft oh and a few more million out of the UK, oops I mean our bottom line becasue we own half {cynic}.
Last edited by scoobydooo; 7th Jan 2008 at 12:03.