Sir Cumference
13th Aug 2003, 17:49
News today is talking about the fact that SAA is "technically insolvent" and the government has had to provide guarantees as a result. Normal accounting practices, sure but a sign of the times?
Rhodie
14th Aug 2003, 18:20
Solution..!
Let's get Mr. Sell all Airbuses and buy Boeing Andrews back from the states, then he can sell off whatevers left of SAA assets (if any), make the books look all good again (hide all the debt and show "profits" from the assets), and then we can pay him another $200 million and let Zimbabwe take over the management of the airline.
Don't forget, we still have a Boeing BBJ with a lovely interior (R500 million..?), for the top brass jollies...
OK, sorry, but just depressed.....
Africa wins again..!
126.9
16th Aug 2003, 00:33
There's nothing technical about SAA's insolvency! :ok: