In Reply to: I don't think so wally posted by keviin on Monday, 19. March 2007 at 17:28 Bali Time:
head above water losing 98% of their clients over night. Further, have to refund all income going back over six months in some cases with no new revenue in the forseeable future and I'll buy shares in it. They cut losses at a time when they had no other option than to fall further into debt.
Specualte all you like about how the show was being run and how much capital they did or didn't have. Most would know they started lean with a view to growing the business. Most businesses take years to completely stabilise. Air Paradise was cut down in it's infancy. Most truly successful people I know started with nothing and just passionealy worked at it. That's what I saw in Air Paradise and their mission statement to get Bali back on it's feet when no-one else would. Reduced servise by the opposition airlines had Bali on the ropes - Enter AP.
Be interesteing to see how Qantas goes after the take over.
Happy Travels
Nicno