Waste

What You Get For Voting PNM

Submitted by Y on April 20, 2008 - 5:20pm.

 

What Manning Gets

De Plane, De Plane Boss

Submitted by Y on March 13, 2008 - 12:53pm.


 

Colm Imbert

Manning Gets Plane; Annual Cost of $18 million

Submitted by Y on March 11, 2008 - 10:56am.

The Ministry of Finance has approved $400 million to be sent to Carribean Airlines for the purchase of an executive jet.

Quote:

But while the Minister was willing to confirm this yesterday, he would
not say where the $400 million came from, noting that Government has
several funds, including the Consolidated Fund, from which to meet
various expenses.

It's comming from taxpayers pockets!

Quote:

The Minister, further, did not want to go into the details of the
proposed acquisition, arguing that while CA is a fully State-owned
company, it is a “private entity” that must be able to compete
effectively on the market and as such not have its plans ventilated in
the public domain.

If CA is a "private entity" and has to compete in the market, why then must CA come to the government to receive funds. Why can't CA go to the private market and borrow the money or issue more shares?

Quote:

Aviatrade also estimates that the total annual cost of running the Global XRS will be roughly $18million.

WTF?

http://www.newsday.co.tt/news/0,74765.html

I'm Flying on a Jet Plane

Submitted by Y on March 10, 2008 - 1:22pm.

Besides financing $400 million to CA. There are other costs of having  a jet. Here is an interesting analysis of the true cost of buying manning's jet plane.

Quote:

Just to let you know that there are other costs
associated with owning an executive jet such as the one that is being
purchased by CAL. Remember, Government has agreed to sufficient "block
time" to ensure "financial neutrality" (read no loss) to CAL. That
means all these costs will be met by the Government (taxpayer).

Take a look at the following site. It gives the hourly plus fixed
and other costs associated with the Global Express XRS (and other
Bombardier jets) www.aviatrade.aero/Operating%20Costs-B.asp.

By the time you add in interest/financing cost on $300 million (at
least $15 million per year) plus the fixed cost as well as hourly costs
(around 250 hours a year), you could easily see that this works out to
over $20 million per year on top of the $300 million!

The 250 hours per year could be broken down as follows:

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Welcome to the blog of the original Trini Outlaw. Here you'll find a vast collection of letters to the local newspapers editors, as well as daily rants on the dotishness in Trinidad & Tobago.

The purpose and mission of the Trini Outlaw blog is to offer an open forum where Trinidadians can come to expose, express and read about the inherent and deep seated corruption and stupidity of the day as they unfold under the existing government of the nation.