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Old 11th Dec 2014, 07:49
  #2525 (permalink)  
thorn bird
 
Join Date: Jul 2010
Location: sydney
Posts: 1,331
Aww c'mon Sarcie,

looks like corruption, sounds like corruption, smells like corruption????

Walks like a duck, quacks like a duck...etc, etc.

Corruption happens when public infrastructure is offered for sale, where the actual value far exceeds the intrinsic value as a public asset.

I believe the biggest disaster for aviation in Australia, and by aviation I mean all aviation, RPT and GA was the supposed "privatization of Australia's airports. Nothing really changed hands, no transfer of Title, no ownership. The airports were already owned, by the public.

All that happened was a massive debt, against what was already owned, was artificially created, attracting massive interest payments that result in the probability that the operators of these ex public assets could never make a profit. The Government in essence used the airports to borrow money off books.

Last edited by thorn bird; 11th Dec 2014 at 19:34.
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