11 Hrs
Source:
تونزي تيليغراف
Source: تونزي تيليغراف
11 Hrsتونزي تيليغراف
Source: تونزي تيليغراف
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A former financial director at Tunisair said the 24-million-dinar bond loan would likely cover urgent needs, such as maintaining grounded aircraft and purchasing fuel, but would not resolve the crisis: a single aircraft could cost three times the value of the loan. He called for comprehensive reform, including opening up the company’s capital to a strategic partner with a stake of between 35% and 49%, and reviewing staff costs, the route network, the Tunisair Express model, and ancillary activities. He noted that the company has more than 200 employees per aircraft, compared with fewer than 100 at some competitors, warning that repeated borrowing without a publicly announced reform and financing plan would not eliminate the company’s imbalances.
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