Greece sells jets for quick cash
Posted: 31 December 2011
ATHENS: Greece on Friday said it had sold four disused Airbus A340 jets to Miami-based aircraft traders Apollo Aviation for 40.4 million dollars under an ongoing asset push for quick cash.
A government statement said the sale had been approved by a five-ministry privatisation committee and a finance ministry source specified the price.
"Apollo Aviation Group was the highest bidder," the government said.
The four aircraft were previously part of Olympic Airlines, Greece's former state carrier that was privatised in 2009.
The Greek state had been trying to sell the planes since November 2010........
Rest of article in Channel NewsAsia:
http://www.channelnewsasia.com/stories/afp_world_business/view/1174124/1/.html
hehehe, some brothers are surprised to read the headline - and wish it will only come true. They will be over the moon and popping champagne, celebrating a blemish in a squeaky clean government like Singapore, proving to themselves that even Singapore under the most able leaders can go wrong. They could be right if Singapore is ruled by the opposition - who are sitting back and making more noise than come up with practical solutions.
Fortunately, Singapore government under the PAP is made of stronger mettle - they are resilent, they mean business when fixing unexpected challenges, yet they are careful in spending the country's resources. They think long term, they see big pictures which may sometimes conflict with our desire for short term instant gratification.
Singapore, like SIA, is celebrating success; it is making profits (about 5% growth in 2011) although not as much as it wants - like most Singaporeans the expectations are always high. Singaporeans set high standards and demands, like the government. I see Singaporeans doing the same - be they supervising Blangladeshi sweeping the floor of Changi Airport, or manning factories and offices in Indonesia, China or Malaysia.
2012 is expected to be a challenging year - Europe as exemplified by the Greek situation - faces tough problems which may impact on Singapore. The East is shining - China and India are gungho and expected to lead. Why, we should welcome more Chinese PRCs and subcontinental Indians to our shore with open arms - instead of making them feel unwelcome.
Singapore in its long history as a trading port and nation has never been xenophobic, why do so now? I see many shops in VivoCity and Suntec City rather empty - there are more pedestrians than customers. S'poreans flocked to JPO in Johore to shop instead (the better off can even compare prices at JPOs in USA, Britain or Hong Kong); what is bad having the Indians and the Chinese shop in Singapore? S'poreans flocked to Iskander economic zone to buy houses; what is bad for these foreigners to buy flats in Singapore?
In crisis after crisis, S'poreans have always shown to have rallied behind their government. I am sure the people will continue to do so - be they the ponding situation in the business and tourist districts, the unusually high demand for condo flats in prime areas by foreigners or the occasional hitch in the public train and bus network.
I wish S'poreans will continue to work for prosperity and happiness in 2012 - for themselves, their family and their country.
Posted: 31 December 2011
ATHENS: Greece on Friday said it had sold four disused Airbus A340 jets to Miami-based aircraft traders Apollo Aviation for 40.4 million dollars under an ongoing asset push for quick cash.
A government statement said the sale had been approved by a five-ministry privatisation committee and a finance ministry source specified the price.
"Apollo Aviation Group was the highest bidder," the government said.
The four aircraft were previously part of Olympic Airlines, Greece's former state carrier that was privatised in 2009.
The Greek state had been trying to sell the planes since November 2010........
Rest of article in Channel NewsAsia:
http://www.channelnewsasia.com/stories/afp_world_business/view/1174124/1/.html
hehehe, some brothers are surprised to read the headline - and wish it will only come true. They will be over the moon and popping champagne, celebrating a blemish in a squeaky clean government like Singapore, proving to themselves that even Singapore under the most able leaders can go wrong. They could be right if Singapore is ruled by the opposition - who are sitting back and making more noise than come up with practical solutions.
Fortunately, Singapore government under the PAP is made of stronger mettle - they are resilent, they mean business when fixing unexpected challenges, yet they are careful in spending the country's resources. They think long term, they see big pictures which may sometimes conflict with our desire for short term instant gratification.
Singapore, like SIA, is celebrating success; it is making profits (about 5% growth in 2011) although not as much as it wants - like most Singaporeans the expectations are always high. Singaporeans set high standards and demands, like the government. I see Singaporeans doing the same - be they supervising Blangladeshi sweeping the floor of Changi Airport, or manning factories and offices in Indonesia, China or Malaysia.
2012 is expected to be a challenging year - Europe as exemplified by the Greek situation - faces tough problems which may impact on Singapore. The East is shining - China and India are gungho and expected to lead. Why, we should welcome more Chinese PRCs and subcontinental Indians to our shore with open arms - instead of making them feel unwelcome.
Singapore in its long history as a trading port and nation has never been xenophobic, why do so now? I see many shops in VivoCity and Suntec City rather empty - there are more pedestrians than customers. S'poreans flocked to JPO in Johore to shop instead (the better off can even compare prices at JPOs in USA, Britain or Hong Kong); what is bad having the Indians and the Chinese shop in Singapore? S'poreans flocked to Iskander economic zone to buy houses; what is bad for these foreigners to buy flats in Singapore?
In crisis after crisis, S'poreans have always shown to have rallied behind their government. I am sure the people will continue to do so - be they the ponding situation in the business and tourist districts, the unusually high demand for condo flats in prime areas by foreigners or the occasional hitch in the public train and bus network.
I wish S'poreans will continue to work for prosperity and happiness in 2012 - for themselves, their family and their country.
Last edited:
