PPRuNe Forums - View Single Post - Iberia to Lose 4500 jobs - 25 airframes
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Old 28th Feb 2013, 09:10
  #575 (permalink)  
vctenderness
 
Join Date: Sep 2010
Location: UK
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Watersidewonker

Join Date: Sep 2009
Location: House
Posts: 230


I believe 'creative accountancy' is at work so no I don't accept that IB is actually losing that amount of money. I believe it helps the FFS cause at the moment.
However if the management are taking a considerable write down, then surely it has been a bad investment, by their own admission.

Come on folks we should really take notice of Bunkum here he was the master of 'creative accountancy' with the non-existent BASSA books!


By the way has anyone seen them yet? Have members got a full account of where their money went?


Answers on the back of a Willie Walsh mask please.....
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