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Old 31st Oct 2008, 20:04
  #13 (permalink)  
Doodles
 
Join Date: Mar 2000
Location: United Kingdom
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It strikes me that in addition to a massive fall off in local traffic demand (affecting all local airlines) there is a severe currency issue too. KFA has ordered so many aircraft, all of which required pre delivery payments in USD. Then they have to pay the leases and maintenance coverage on that fleet, again all in USD.

Maybe they should have waited for the international services to start, establish, and produce some cash (USD), before comitting to so many large aircraft.

All the "red" tails lining up outside the factory is not good for anyone and certainly no cause to gloat or joke.

The government must relax some of the local tax rules to enable KFA and Jet to work out a solution. For their part, KFA and Jet have to re-organise themselves and fast. The banks will be very scared now. This is no time for waiting, delaying or dare I say, egos.

Good luck
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