Originally posted by banuthev
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Knowing how things (don't) work within this dysfunctional Airline with it's toxic company "culture" I would expect that these new A330's are being leased above market rates.
Only an investigation will reveal if this is another racket or just incompetence. Highly doubtful that the truth will ever be revealed.
Restructure Plan? Not sure how anyone can expect anything from a bunch of appointed people - none of whom are remotely qualified for the positions they hold. There is no conceivable way to ever make this profitable.
Expect lots of Big Talk - that's all these people know how to do.
Expansion? With over a Billion $ in losses and 2 Billion $ + in future liabilities - which they have no way to pay. More losses for the people of Sri Lanka.
The only "expansion" taking place is in the size of the bank accounts of the Racketeers and the useless appointees.
It's quite simple. There is no money. The entire country is bankrupt - all the money has been spent or stolen.
No money = no options
No money = no expansion
No money = no future
The moment the Treasury stops putting in money this shuts down - could happen as early as October imho.
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