PPRuNe Forums - View Single Post - Virgin Nigeria(n) Eagle aka Air Nigeria
View Single Post
Old 9th Jun 2010, 09:46
  #29 (permalink)  
NIJASEA
 
Join Date: Aug 2004
Location: UNITED KINGDOM
Posts: 133
Likes: 0
Received 0 Likes on 0 Posts
JI has not dropped a dime in VK, you dont get rich dropping money down a well. UBA had agreed a loan of $150m to VK to be paid in 3 installments the first was at the end of may and the rest in 2 more installments of $50m each. All this was set up before Ji took over, all this was arranged by Dapo based on the projection he had for the company. Ji came at the right time to claim the credit thats good business sence. The new CEO seems to be trying to follow exactly what Dapo was doing and he seems to be doing it poorly. Ji holds meetings everyweek to remind the staff who is in charge and about his days in Harvard. the (so called) new aircrafts are the old VNF and VNG which UBA has loaned VK money to purchase. The salaries are still late.
NIJASEA is offline