Air Seychelles Not Viable Says IMF


The Government has misled the Seychellois public again on a matter of much public interest – the state of finances at Air Seychelles. On Mar 12, 2015 Air Seychelles' website posted as follows “Air Seychelles, the national carrier of the Republic of Seychelles, today announced a third consecutive year of profitability after recording a net profit of US$3.2m for 2014.” Its CEO Manoj Papa added that “our increased profit figure is the result of higher revenue, greater productivity and an ongoing focus on costs.” In stark contrast to this, the IMF on Mar 28, 2015 confirmed that Air Seychelles “had declared a profit at a net level, which includes all revenue and costs, but had incurred a loss at an operating level". This is shameful for a Government that speaks of transparency. The public were not told that if you removed the subsidy that was provided by Government to Air Seychelles in in 2014-2015 of over $13.5m, Air Seychelles has actually run a loss of at least $10.3m and has only been kept flying because of tax payers’ money being thrown in. It is unacceptable that a public enterprise CEO should lie to the public who pays his salary. It is even worse that Government had hoped they would not be discovered on a lie of this magnitude especially as 2 Government Ministers sat on the Air Seychelles board. How can this Government be trusted in its presentation of public accounts? At the Registrar the last annual returns lodged have been for the period 2010-2011; this in itself is a violation of the law. This state of affairs calls for a full investigation of Air Seychelles and its accounts and is a matter that should be raised by the parliament if they are serious about public finances.

By Ahmed Afif

Comments

  1. The facts are that Pl was giving us fabricated.cooked figures to make us believe PL/Etihad deals which is proven to be a flop.The fact is Air Seychelles under David Savy was much more profitable.....than underEithad.....Pl and Etihad want to make us swallow figures we cannot check and scrutinize ...ofr publichave no access to information though Constitution asks Pl to do so.

    We heard Jenpa,Houreau,,,are blah balhing about the NEED to review our Public owed enterprises etc....the reasons behind that is they are on the verge of Selling out all Public owed enterprises to WTO Foreign Corporates .......which are illegal pratices by WTO to undermine DOMESTIC LAW,Soveiregnty and control of Seychellois over their land,economy etc......
    %0 years Tax payers sponsor these Governemnt owed enterprises ....Healthcare ,Eleltrcitiy etc and somew have stragetic importance and should never be privatized such as Healthcare,Eudcation,etc... but PL thugs are going to sell out SEYCHELLOIS ECONOMY TO FOREIGNERS AS MICHEL HAS ALREADY STARTED TO ARABD,RUSSINAS,INDAINS,...WITZH wto THINGS ARE GOING TO GET WORSE .that is why we must get Pl out of powervin 2016 --to stop the illegal sell out,depossesion,colonization Pl must be stopped in 2106 by all imagineable measn including arms.

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  2. Me Afif ,I am proud that you have the guts as a former member of Pl government to speak out the truth to power and the endemic corruption of PL.

    Seychellois knew PL idiots illegal handed over of Airsey to Arabs was a crooked corrupt action aim at pleasing Arabs wishes and Pl greed.

    Every single Seychellois ,even those mentality diseable opposed PL decision back than ,because w know that it is crooked,destructive and wicked.

    Airsey was gifted to Arabs by two Pl thugs...Michel And mOrgan...the two crooks involved in all kinds of sell out in Seychelles ---from illegal sell out of our patrimony to Khalifa,Arabs,our birthrights(passports,Our economy to WTO and ofriegners........the only thing Michel has not yet sold out is,,,his own under age Duagther to Arbs pedophiles and perverse...

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  3. Me Afif ,you know well...we donot have an independent Assembly accountable to the people ...we have a one party Assembly teemed with under educated,wicked ,who are just in the Assembly to be allow to suck Seychellois dry ......Pension for Life,,,,,etc.....the truth is Most of these Pl representatives in the Districts ...Like Michel are not the most intelligent when considering the many highly educvated persons in those distircts.......We cannot continue to be led by A donkeys....

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  4. All these fabricated,cooked profitable figures PL(ETIHAD and PAPA are giving us each year are .shit-----What happen is that each year ,EITHAD bail Airsey with a few thousands dollars more than previous year ...ot give the fake impression that EITHAD/AIRSEYCHELLES deal was a GOOD deal,The best Deal...and since then Airsey is a successful Company ........the fact is it is not and all these figures represent nothing than the state OF aIRSEY FAILURE IN CODESHRE WITH eITHAD--


    pL AHAS FAILED ..BUT AS A PROUD IDIOT ...THEY TRY TO HIDE THE FACT,COOKED FIGURES,ETC.. TO MAKE IT ROSY AND SWALLLOWABLE TO Seychellois ....WHICH THEY LATER HAVE NEVER EVER SWALLOWED.

    bUT aS YOU KNOW mR aIFF......pL HAS BEEN ILLEGALLY SELLING OUT EVERYTHING TO fOREIGNERS WHIC HSI A GORSS hUAMN RIGHTS VOILATION FROM OUR BIRTHRIGHT,pATROMONY........ouR economy AND YOU KNOW mR aFIFI THAT BY THE ENTERING OF Seychelles INT THE (WORLD TRADE DICTATOR wto) pL IS GOING TO INCREASE THE ILLEGAL SELL OUT OF EVERYTHING.........hE HEARD jenpa,hOUREUA BLAH BLAHING ABOUT REVIEWING OUR PUBLIC AND OGVERNEMNT OWED ENTERPRISES------THIS IS NOTHING THAN PREAPRING THE WAY ....TO ALLOW THE PRIVATIZATION OF ALL GOVERNEMNT ENTERPRISES BY iNTENRATIONLA pIRVATE CORPORATES...WHIC HWILL RAPE OUR dOMESTIC ALWS WITH THE DICTATORAL LAWS,,,,,DEPOSSES Seychellois FROM THEIR ECONOMY ...ENVIRONEMNT DESTRUCTION,,,,,,,,,,,,wto RAPE SOPVEIREGNTY IN THE SENSE THAT IT IS AN iNTERNATIONAL ORGANIZATION WHICH HAS NO RIGHTS TO INTERVENE IN THE INTERNAL AFFIARS OF A SOVERIEGN STATE AS STIPULATED BY uN CONVENTION ....IT IS A GROSS HUMAN RIGHTS

    sOON EDUCATION,MHEALTHCARE,WATER,ELETRICITY,ETC..ETC. WILL BE HANDED TO FOREIGN CORPORATE--iT IS ABOUT NEO COLONALIZATION...


    wHAT PL IS TALKING ABOUT IS NOT DEVELOPEMNT BY NEO COLONALIZATION AND DEPOSSISSION.

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  5. ALL PL MEMBER ARE A BUNCH OF CROOKS.....NAME ME ONE PARASTATAL THAT IS PROFITABLE? LOOK AT MOUKESH....HE DRAINED SMB AND RAN AWAY SCOTT FREE...NOW ENJOYING ALL THE BIG BUCKS.....JUST LIKE RENE.
    MORGAN STOLE BILLION AND WE KEEP HARASSING HIM WITH NO ANSWER GIVEN....THE LISTS ARE LOONG....YET WE THE PEOPLE KEEP VOTING FOR THEM.....WE ARE ALL BLIND OR DEATH...WHAT ELESE CAN I SAY.......AND THIS IS WHY THE PREVIOUS CEO...MR BALL RESIGNED....HE DROP THE BALL AND RAN TOO...BECAUSE HE SAW TOO MANY "MANBOULOOK" UNDER MISEL WAXY BALLS THAT CAN'T BE RESOLVED.
    NOW MR AFFIF CAN U GIVE US AN UPDATE OF THE SEYCHELLES AIRWAYS? I REFIUSED TO FLY AIR SEYCHELLES!

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  6. Wow! look at the responses to the comment of Afif!
    Seychellois people like to hear the truth, specially from people who have been in the loop. Can you imagine what the reaction would be if ever there is a Truth Commission!
    Papa is the 'mama' of all liars! Time to kick that bastard out of the country just like they did with Ball.

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  7. Just look at him (Papa), he looks like an arse-licker, lying to please Michel and trying to make a name for himself at the expense of Seychellois people.

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  8. iT UNACCEPTABLE THAT NOT ONLY aIRSEY CEO ,A PUBLIC COMAPNY ,LIES TO THE TAX PAYERS .BUT ALOS UNACCEPTABLE THAT AN INDIAN IS CEO OF OUR nATIONAL AIRLINE.IT IS UNACCEPTABLE ,THAT mORGAN AND mICHEL GIFTED OUR AIRLINE TO kHALFIA WITHOUT CONSULTING TAX PAYERS THOUGH IT COULD AND SHOULD HAVE DONE THIS BY CONSTITUTIONAL MEANS CALL REFERENDUM.

    LIARS ARE THIEVES,THIEVES ARE LIARS...THAT IS PLpL WANTS TO PORTRAYS ITS DEAL WITH eITHAD AS A SUCCESS WHILE AT THE SAME TIME HIDE THE REAL CHAOS..AND FIALURES...pL GOVERNEMNT IS INCOMPETENT,AND UNDER EDUCATED LIKE mICHEL fAURE, mERITON PROUDLY DEMONSTRATES.

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  9. This PAPA has done nothing or anything that we can say there was a reason to choose him as Airsey CEo than a Seychellois.PAPA is simply enjoying life in Seychelles and being CEO of Khalfia ...in order to control dictator Eithad policies on Airsey in the interests of Khalfia......

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  10. THe JURYY SYSTEM is very important in CRIMINAL CASES.It is vital to check and balalnces,to promote democracy....,it is a Constitutional safeguard of our Constitutional liberites,and a corner stone of justice and freedom.
    though not perfect,Jury Sytem is though,the best system yet devised---the only one likely to yield JUST and FAIR results.becuase the jury consist of gourp of juges with different backgrounds..it can arrives at a better verdict than can one juge alone.

    Jury system best in criminal cases..while the others good for small conflicts

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  11. EXPOSE MICHEL ,Mr AFIF,expose this donkey with half brain ,selling out Seychellois patrimony and Economy to foreigners.We all know for sure that the deal Pl illegally made with Etihad was just to please and fulfill Khalfias wishes......when it comes to profit....it is not that successful as Pl and Eithad including PAPA is saling us.....what happens is that simply ,Khalfia inject a few millions annually in Airsey to make it rosy and give the impression AIRSEY under Khalfia Airline EITHAD is much more successful,profitable than it was under govt management..this is just shit........By illegally gifting ETIHAD our National Airline ..Seychelles tourism has suffered greatly because of the stupidity of Morgan And idiot Michel.....the tow babbons should be excuted for thewir crimes---they are recivists prison sentence would not change them.

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  12. PAPA is a foreign sucker,and should not be heading AirSEY .It seems ,looking at his performance,Gleeny excel him and was much more performance than him,.But the thing is that Glenny robbed all Airsey profits.e.g he gifted himself a salary in EURO,no accountability and transparency ...corrupt.wicked.

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  13. PAPA should be made to pay his TAx.This guy is pocketing a big salary,he reside in Seychelles ,thus should contribute also to the host country.Millions of rupees in taxes are being lots by Imported ofreigners from Exapts and illegal foreigners controlling our insitutions...they pocket alrge salary ,above the average Seychellois doing the same jobs,pocket perks of all kinds ,a high cost to tax payers ,,,and contribute nothing to the host country. in in form of taxes.

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  14. The different between Morgan and Air MArshal Michel ,the two wicked, who sold AIRSEY to Khalifa,Mr Afif is inteliigent,was himself a pilot ,and has knowledge about aviation.Seychellois let two donkeys decide alone of the faith of our National Airline......

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  15. This problem can easily be solved. Sack PAPA and appoint AFIF to run Air Seychelles. However, when you appoint AFIF keep the SAVY Royal Family well away from Air Seychelles. I give AFIF 12 months, he will show you how to run a successful business. When you appoint AFIF, do not interfere, let AFIF show you how it should be done ! Mon Kontan Sesel, Mon Pa Kontan Seselwa, Mon Pli Kontan Etranze...This should be our real moto !

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  16. Air fracne and Airseychelles---agreement is almost natural ..because Seychellois feel a taict and nautral feel toward the French just as the fench does for historical,cultural,etc..reasons...Seychellois feel working with the fench like working with a borthwr ..we share their Dna,their gens ...unlike with fake friends like Indains,Arabs whith whom we share nothing in common...that is where Airsey belongs ...not in Islamic state of UAE ,our new dehli.That is the friends Seychellois feel comfortable with..not camels form suadi Arabia like Bin Talal...

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