Chairwrecker -Can anyone guess what is wrong with this
Um, lets try everything!
No partner airline and you lay a USD$8 million Maybank loan on Alpha Aviation Group - Philippines (Clark Aviation)???
Smell a rat a mile away - you would be right. The same rat from Prescient Syatems that sold the first CAE simulator to Cebu Pac, with a USD$360,000 bribe - kickback for the then advisor to the CEO (who was sacked some weeks later).
This sleaze bag is the regional Director of AAG (Clark Aviation) and makes a sweet commission on the sale of sims - regardless of having no business case. Simualtors have about 6000 hours available each year to sell - you dont buy one unless you have a solid anchor partner who has committed to at least 3000 hours.
AAG have zero committed hours from anyone but sleazebag has his commission.
Chairwrecker, youve got it right. The stench of corruption is alive and kisking at AAG Philippines. Ask their management who has committed to but 3000 hours, silence will be the stern reply