No according to a former CEO of MK who works for the Gulf airline. Yes according to a group of American airlines who put governmental help dished out to Emirates, Qatar Airways and Etihad at $42 billion. Essentially by adding interest-free loans, capital injections, benefits of government guarantees, absorption of fuel-hedging losses and low airport charges.
A couple of months ago The Wall Street Journal mentioned that Eithad had sent a report to the US authorities acknowledging help of a little over $14 billion from its government. Some of that help was reported by the Australian Financial Review back in May 2014.
So I guess -- for our national strategic interest -- we should be very careful not to get mesmerized a bit too quickly. Air Mauritius has a brilliant future if it is allowed to operate on strong bases of meritocracy.
A couple of months ago The Wall Street Journal mentioned that Eithad had sent a report to the US authorities acknowledging help of a little over $14 billion from its government. Some of that help was reported by the Australian Financial Review back in May 2014.
So I guess -- for our national strategic interest -- we should be very careful not to get mesmerized a bit too quickly. Air Mauritius has a brilliant future if it is allowed to operate on strong bases of meritocracy.
