Thread: Spirit of NKS
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Old 02-18-2010 | 05:09 AM
  #1287  
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shiftwork
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Tigers Airways IPO, I'm thinking, is not as "fairly" successful as you think???

Tiger Airways IPO facing headwinds Temasek Hedge

Investors Cool Toward Tiger Airways IPO – SharesInv.com

And the fuzzy accounting of Wizz Air isn't working for them as well? There was a link on wiki about it? Copy paste below:

Financial Performance
While attempting to hasten SkyEurope's demise in June 2009, Wizz Air claimed it has been "profitable for several years".[7] However, as a private company it is not required to publish its financial accounts. In November 2009, it emerged Wizz Air is significantly loss making and has never made a profit while delaying the pay back of €32 million of debt by five years.[8] Losses since commencing operations total €78 million.[9]

After the collapse of Flyglobespan in December 2009, Wizz Air was rated the European airline most likely to next go bust. This was according to a firm of bookmakers.[10]


Don't get me wrong, I want NK to succeed just as much as anyone there but some of their business practices pertaining to service, marketing, and employee relations seem to be..... let's just say, Honor, Courage, and Commitment are lacking. Hopefully with the new COO things will change for the better

Last edited by shiftwork; 02-18-2010 at 05:26 AM.