Hello Ann Marie
IT'S NICE TO HEAR FROM YOU ALBEIT
THROUGH A VERY PUBLIC FORUM.
SORRY ABOUT YOUR SISTER'S SUITCASES. THOUGH YORUBAS HAVE A SAYING
"PELE KE MU EGBO JINA" i,e "SORRY
DOESN'T CURE PHYSICAL WOUND".
I PERSONALLY PRAY AND HOPE THAT
GHANA AIRLINE DOES NOT GO OUT OF BUSINESS.THE LIGUIDATION OF AIR AFRIQUE,
COUPLED WITH THE FILING FOR BANKRUPTCY
BY SABENA AND SWISSAIR IS ALREADY CREATING SERIOUS PROBLEMS FOR PEOPLE
WANTING TO DO BUSINESS IN WEST AFRICA
AND FOR AFRICANS THAT HAVE INTEREST IN
STARTING BUSINESS ABROAD. THIS PROBLEM
WILL BE MAGNIFIED AS U.S. AND OTHER COUNTRIES GRANT MORE TRADE COCESSIONS TO
AFRICA.
SOMEBODY STOLE YOUR SISTERS SUITCASE ,SOMEBODY IN THE
ESTABLISHMENT WAS NEGLIGENT OR CORRUPT AND I HOPE SHE WAS ADEQUATELY
COMPENSATED.
THE PRESENT BOARD OF DIRECTORS
OF GHANA AIRLINE SEEMS TO BE DOING THE
RIGHT THING BY CUTING OPERATIONS' COST
AND REDUCING MONTHLY NET LOSS BY 71%
LET'S HOPE ( FOR THE SAKE OF CONTINUE
DEVELOPMENT IN AFRICA) THEY GET THE NEEDED HELP FROM THE GOVERNMENT OR
OTHER SOURCES IN AFRICA OR A PRICELINE.COM. NIGERIAN AIRWAYS IS BEING
HELPED BY SOUTH AFRICA.
GREETINGS TO J.D.
----- Original Message -----
From: "Ann Marie Dawson" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Tuesday, January 29, 2002 9:00 PM
Subject: Re: GHANA AIRWAYS NEARING COLLAPSE
> Ghana Airways can easily bail itself out. All it needs to do is sell the
> thousand of non-delivered suitcases and other cargo, from passengers who
> have had the misfortune of using them, that are kept in its warehouse in
> Ghana.
>
> I can guarantee that just the proceeds from my sister's seven suitcases
that
> were never delivered during her trip to Sierra Leone two Christmases ago
> will be worth thousands of dollars.
>
> Cheers!
>
> Ann Marie
>
> ----- Original Message -----
> From: "E. Aggo Akyea" <[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Tuesday, January 29, 2002 2:36 PM
> Subject: GHANA AIRWAYS NEARING COLLAPSE
>
>
> > www.ghanaweb.com General News of Monday, 28 January 2002
> >
> > Ghana Airways Nearing Collapse
> >
> > The struggling national carrier- Ghana Airways, with a debt
> > burden of $150 million has been suspended from the clearinghouse
> > of International Airline Transport Association (IATA), seriously
> > affecting the operations of the airline.
> >
> > The suspension has affected the airline's inter-airline business
> > and the company's credit worthiness. Ghana Airways, which is
> > nearing collapse save government intervention, owes $90 million
> > in overdue supplier credit and $60 million in loans.
> >
> > The Daily Graphic reports that the mounting debts and inability
> > of Ghanair to break even have combined to threaten the once
> > viable airline. Government guaranteed $80 million of the total
> > debt, meaning that whatever happens, government will have to bear
> > the amount.
> >
> > The head of the airline's Management Task Force Captain Kofi
> > Kwakwa in an interview with the Daily Graphic said, "the infusion
> > of the $80 million will not solve the problem because the present
> > operating strategy and equipment will not generate enough income
> > to pay recurrent expenditure and finance the remaining $70
> > million."
> >
> > After the government guarantee, Ghana Airways will need a minimum
> > of $30 million as working capital. The options available is for
> > government to salvage the airline or let it die naturally, thus
> > loosing out on the potential of becoming the dominant sub-
> > regional company with stations in all countries of the sub-region.
> >
> > The collapse of the national carrier would have negative
> > consequences for the Ghanaian economy "as annual revenue of about
> > $100 million will go to foreign carriers, over 1000 employees
> > losing their jobs, and set backs to export promotion, the Gateway
> > Project, tourism and regional integration.
> >
> > Ghana Airways and the liquidated Air Afrique are the only
> > airlines in the sub region with international accreditation. The
> > eminent collapse of Ghana Airways will be big blow to the sub
> > region.
> >
> > Captain Kwakwa says the previous management of E. L. Quartey JNR
> > left behind enormous problems "including credit from Glodwin
> > Transworld Limited of Jersey, purchase of three DC9 aircraft from
> > Venezuela, and two DC10-30 aircraft from Malaysia Airlines."
> >
> > The Quartey administration also had a spare parts with A J Walter
> > (Aviation) Limited, the high flyer JT8 D engine lease agreement
> > and withdrawal of the in-flight magazine 'AKWAABA", all of which
> > a forensic audit has been instituted into.
> >
> > The Sam Jonah led Board of Directors without a substantive chief
> > executive is said to have reduced the monthly net loss of the
> > airline from about $4 million to $1.4 million, but this does not
> > seem to reflecting strongly in its operations.
> >
> > The head of the Management Task Force said the effects of the
> > September 11 incident on the aviation industry are so damaging
> > that it is only government intervention that will save the
> > airline.
> >
> > Ghanair has already lost two-fifths of its passengers, especially
> > from North Africa since the September 11 attack. Swissair and
> > Sabena collapsed after the September 11 terrorist attack on the
> > World Trade Centre in New York using for different aircrafts.
> >
>
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