PPRuNe Forums - View Single Post - Pilots (and others) clubbed on the runway in Buenos Aires
Old 3rd Jun 2001, 23:54
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Jorge Newberry
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AL Nocturnis,
For all I know the pilots may be the biggest bunch of dinosaurs this side of Jurassic Park but it sure wasn't them that got Aerol'neas into this current mess. Horacio Verbitsky tells it like it is in today's "Página 12". If you can read Spanish it's all here

http://www.pagina12.com.ar/2001/01-0...6-03/pag13.htm

It's far too long to translate but among the juicier points...

1. In 1990 the company formed by Iberia to take over Aerol'neas was capitalised to the tune of precisely 250 dollars - not a typo.

2.Aerol'neas was handed over free from debts but the first balance sheet presented by the new managemment listed debts of 920 miilion dollars. These debts included the money Iberia paid for Aerol'neas in the first place.

3. The "privatisation" deal included a mysterious figure of 80 million dollars for "Acquisition Expenses". To suggest that this sum may reflect the costs involved in bribing politicians such as Dromi, Cavallo and Menem would be a gross libel on these noble public servants whose honesty and probity is beyond all discussion

And there's a lot more where that came from. Whoever is at fault here it certainly isn't the pilots or any other employees'



[This message has been edited by Jorge Newberry (edited 03 June 2001).]

[This message has been edited by Jorge Newberry (edited 03 June 2001).]