The Eritrean Airliner appears to have gone bust due to the fact - TopicsExpress



          

The Eritrean Airliner appears to have gone bust due to the fact that it hasnt been able to attract enough business to remain sustainable, especially given the high maintenance of the aged aircraft on lease. The board of directors made up of: Yemane Tesfay Commercial bank Director and Board chairman (highlighted in the UN monitoring report), Doctor wolday Fitur board member and economic adviser to the president’s office, Welekiel Abraha board member and minister of transport, Zeru weldemichael board member and director of national Insurance, Biniam Fisehazion Board secretary and legal counsel of the airline and Hagos Gebrehiwet (Kisha) head of PFDJ finance and board member. Hagos authorises all expenditures under the president’s instructions and in a sense the final decision for closure rests with him.
Posted on: Wed, 30 Oct 2013 17:28:41 +0000

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