I do not think you understand how the country's finances work. It clearly does not represent 750+ million of the country's National Debt when that debt is just over a billion dollars. Non-Essential, that is your perspective sir, but how will illegal immigrants get back to their home countries? Do you want them to take over the detention center and run wild through the country? The subsidy represents the need to operate those flights, which as of recent seems to be once-twice a month. What about those non-profitable routes in the Southern Bahamas, you can not charge Bahamians based on Revenue per seat mile. It will be completely unaffordable. But the service has to be provided at a reasonable price. You may think it is non-essential, to the Government it is. It is not going anywhere, just let it go and move on.
I think it is pretty obvious that the airline has debt. Which airline doesn't. The 750 million that you are referring to has been annual subsidies over the 47 year period of its existence. It is not monies that were borrowed from a lending institution specifically for Bahamasair's shortfalls. You are getting the two confused. Those subsidies are budgeted for every fiscal year. Between 15-20 million every year for 47 years amounts to this figure that purporting. So it is not "accumulated debt" per se, it is an accumulated amount of subsidy from its inception.
Since you seem to be informed about these "outrageous costs", what are those costs exactly in figure form? I am certain you do not know what those costs are or what they entail. You are correlating the airline business to some other generic business in the city. Bahamasair as of recent has been subsidized roughly 20 million dollars annually. The government's expenditure for 2019/2020 was 2.877 billion dollars, courtesy of "bahamasbudget.gov.bs". Do the math, Bahamasair's subsidy was roughly 0.69% of the annual expenditure. You call that percentage outrageous? The government just spent 20 million on sidewalks. Get real buddy. Mismanaged, I can agree with that but let's not make it seem like the government is flushing a large portion of its expenditure on the flag carrier.
Let's shut this debate down about Bahamasair once and for all. It seems as if you all are ignorant individuals that do not understand the nuances of an airline. I am tired of hearing the comments about this company or the extensive variables involved in running an airline from individuals that can not even form proper sentences. It is about time that you idiots keep quiet.
If you shut Bahamasair down, who will provide a SAFE means of transportation throughout the archipelago for Bahamians? If you are thinking about the company with the jets, then you are sorely mistaken and not privy to details. Which airline will service the islands in the south with the dirt road airstrips safely? Not in the bush, or the water but on the runway safely. Don't worry, I'll wait. None of them, because the economics will never be in your favor. Are those Bahamians in the south suppose to be subject to the companies with no safety programs, no training programs, or even an aircraft without a bathroom?
Persons above are trying to compare our little airline to MAJOR carriers with unlimited resources (billions of dollars) with a management team comprised of the best aviation and business minds in their various countries. Yes, there is much to be desired for our airline, but only a fool can not see that it has value. Do you know how overpriced the Nassau-South Florida market will be? Just look at the prices right now, $300 plus one way on a single-engined caravan, or $400 plus round trip on an E-190. Seriously? Price gouging in its highest form for a flight less than 200 nautical miles.
The value of Bahamasair may not be monetary, but it is a tremendous national asset, not used to its potential. Instead of running on about shutting it down, how about we advocate for proper vision. Oh wait, that would require leaders with an ACTUAL vision for the country right? Where are they? Don't worry, I'll wait again. The airline business is a billion-dollar industry people, wake up Bahamians. Once again we have a national asset, that we are ready to discard because of our own negligence.
ScoobyDoo says...
I do not think you understand how the country's finances work. It clearly does not represent 750+ million of the country's National Debt when that debt is just over a billion dollars. Non-Essential, that is your perspective sir, but how will illegal immigrants get back to their home countries? Do you want them to take over the detention center and run wild through the country? The subsidy represents the need to operate those flights, which as of recent seems to be once-twice a month. What about those non-profitable routes in the Southern Bahamas, you can not charge Bahamians based on Revenue per seat mile. It will be completely unaffordable. But the service has to be provided at a reasonable price. You may think it is non-essential, to the Government it is. It is not going anywhere, just let it go and move on.
On Bahamasair’s revenue off a ‘staggering’ $32m
Posted 7 October 2020, 9:30 p.m. Suggest removal
ScoobyDoo says...
I think it is pretty obvious that the airline has debt. Which airline doesn't. The 750 million that you are referring to has been annual subsidies over the 47 year period of its existence. It is not monies that were borrowed from a lending institution specifically for Bahamasair's shortfalls. You are getting the two confused. Those subsidies are budgeted for every fiscal year. Between 15-20 million every year for 47 years amounts to this figure that purporting. So it is not "accumulated debt" per se, it is an accumulated amount of subsidy from its inception.
On Bahamasair’s revenue off a ‘staggering’ $32m
Posted 7 October 2020, 5:48 p.m. Suggest removal
ScoobyDoo says...
Completely False Information, the government is NOT paying any interest on any 750+ million in debt. You’re pulling figures from heaven sir.
On Bahamasair’s revenue off a ‘staggering’ $32m
Posted 6 October 2020, 11:33 p.m. Suggest removal
ScoobyDoo says...
Since you seem to be informed about these "outrageous costs", what are those costs exactly in figure form? I am certain you do not know what those costs are or what they entail. You are correlating the airline business to some other generic business in the city. Bahamasair as of recent has been subsidized roughly 20 million dollars annually. The government's expenditure for 2019/2020 was 2.877 billion dollars, courtesy of "bahamasbudget.gov.bs". Do the math, Bahamasair's subsidy was roughly 0.69% of the annual expenditure. You call that percentage outrageous? The government just spent 20 million on sidewalks. Get real buddy. Mismanaged, I can agree with that but let's not make it seem like the government is flushing a large portion of its expenditure on the flag carrier.
On Bahamasair’s revenue off a ‘staggering’ $32m
Posted 6 October 2020, 6 p.m. Suggest removal
ScoobyDoo says...
Let's shut this debate down about Bahamasair once and for all. It seems as if you all are ignorant individuals that do not understand the nuances of an airline. I am tired of hearing the comments about this company or the extensive variables involved in running an airline from individuals that can not even form proper sentences. It is about time that you idiots keep quiet.
If you shut Bahamasair down, who will provide a SAFE means of transportation throughout the archipelago for Bahamians? If you are thinking about the company with the jets, then you are sorely mistaken and not privy to details. Which airline will service the islands in the south with the dirt road airstrips safely? Not in the bush, or the water but on the runway safely. Don't worry, I'll wait. None of them, because the economics will never be in your favor. Are those Bahamians in the south suppose to be subject to the companies with no safety programs, no training programs, or even an aircraft without a bathroom?
Persons above are trying to compare our little airline to MAJOR carriers with unlimited resources (billions of dollars) with a management team comprised of the best aviation and business minds in their various countries. Yes, there is much to be desired for our airline, but only a fool can not see that it has value. Do you know how overpriced the Nassau-South Florida market will be? Just look at the prices right now, $300 plus one way on a single-engined caravan, or $400 plus round trip on an E-190. Seriously? Price gouging in its highest form for a flight less than 200 nautical miles.
The value of Bahamasair may not be monetary, but it is a tremendous national asset, not used to its potential. Instead of running on about shutting it down, how about we advocate for proper vision. Oh wait, that would require leaders with an ACTUAL vision for the country right? Where are they? Don't worry, I'll wait again. The airline business is a billion-dollar industry people, wake up Bahamians. Once again we have a national asset, that we are ready to discard because of our own negligence.
On Bahamasair’s revenue off a ‘staggering’ $32m
Posted 6 October 2020, 8:43 a.m. Suggest removal