BBCNEWS Asia Business Report June 4, 2024 00:38:00
Privatise is we need to restructure the old debts that are out there. so in round numbers we make $1 billion of revenue a year, we have $1 billion of debt, some of it in dollars, some of it local, some of it owed to different creditors and we are paying 100 million on servicing at. so if we can structure that debt, a large part of what we are paying in interest comes back and can be used to run the airline and it means an outside investor can come in and basically not pay for the sins of the past. i think the first lesson for me is don't ever go and be a ceo after covid, then you can come for ...