Local airline Fly540 Ghana sold for 1 dollar

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• Bostonman redsox 9 years ago

  any left to sell? I will offer $10.

  any left to sell? I will offer $10.

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• kwesi 9 years ago

  erm, in case you do not know, they sold it for $1 because whoever buys it also inherits the company's debts (which according to the story is about $11.3 million).So if you have some spare $11.3 million dollars, then i would s ...
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  erm, in case you do not know, they sold it for $1 because whoever buys it also inherits the company's debts (which according to the story is about $11.3 million).So if you have some spare $11.3 million dollars, then i would say 'go for it man'......

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• Dada kojo ,Abenase. 9 years ago

  How do we term such a transaction in economics??

  How do we term such a transaction in economics??

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• Mensah 9 years ago

  Thank you. That is the truth

  Thank you. That is the truth

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• Bostonman redsox 9 years ago

  is the 11m is operating loss? How much of that is actual debt - short term and long term? There is a difference. U don't necessarily inherit operating losses. You inherit debt. The new owner will significantly restructure the ...
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  is the 11m is operating loss? How much of that is actual debt - short term and long term? There is a difference. U don't necessarily inherit operating losses. You inherit debt. The new owner will significantly restructure the liability. U don't think the purchaser of this thought of all these and got some assurance from the creditors about possible restructure? the old company probably will pay down some of the liability as part of the transaction. I'm sure a foreigner bought it and is walking away with gold right now. Ghanaians are business managers at all.

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• Lomnava-Glasgowman 9 years ago

  How do you think the operating losses were financed dear?. Loans, debentures, IOUs? By the time of sale they are all debt dear. Whether you restructure them or not, they will eventually become due dear. That's why you and I ( ...
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  How do you think the operating losses were financed dear?. Loans, debentures, IOUs? By the time of sale they are all debt dear. Whether you restructure them or not, they will eventually become due dear. That's why you and I (who by the way both have $1 )didnt buy it! Do you really live in Boston?

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• OMANBA 9 years ago

  I will never fly on this aircraft for even one cedi.It looks decrepit and dirty.No wonder Fly540 incurred losses.

  I will never fly on this aircraft for even one cedi.It looks decrepit and dirty.No wonder Fly540 incurred losses.

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• GENERAL IDI AMIN DADA OF GHANA 9 years ago

  THIS IS A COMMON THING THAT PEOPLE DO IN THE USA WHEN THEY ARE BUYING OR SELLING HOUSES... THE BUYER AND SELLER CONNIVES AND CLAIM THE CAR, HOUSE, ETC THEY ARE TRADING COST $1 AND TURN AROUND TO DO THE REAL TRANSACTION UNDER ...
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  THIS IS A COMMON THING THAT PEOPLE DO IN THE USA WHEN THEY ARE BUYING OR SELLING HOUSES... THE BUYER AND SELLER CONNIVES AND CLAIM THE CAR, HOUSE, ETC THEY ARE TRADING COST $1 AND TURN AROUND TO DO THE REAL TRANSACTION UNDER COVER TO EVADE TAXES!

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