I would have thought that privatising any operation when it is in the depths of despair is plain stupid. The majority shareholder should be doing everything it can to get the outfit up and running with head held high again before trying to flog it.
PS: Nice to see the peanut gallery is in action...
And now I've read the other thread. I never was very good at economics. I didn't realise that "privatise" means "nationalise".