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Questions: Do you believe that Bahamasair should be privatized so as to make it profitable? Do...

Questions:

  • Do you believe that Bahamasair should be privatized so as to make it profitable?
  • Do you believe that the government made a good decision to continue to support the airline giving it approximately 600million over a period of time (20million a year) or would you have prefer the money elsewhere?
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Answer #1

Airlines should be privatized to make it profitable as it removes government bureaucracy, multiple clearance and hierarchy, micromanagement from authority. Moreover, private comlanies can infuse higher capex and opex plans and have better resources availability to make it operational and profitable than government.

Financial aid over period of time is good option to bailout industry as rescue package which suffers uncertainty and heavy losses and ha shigher debt. Moreover, structural reforms and financial aid can help create viability and sustainability in long term and preserve jobs and boost economic growth. This keeps industry from monopolistic behaviour and keeps consumers better off as well.

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