My personal take on the reconstruction
September 7, 2011 in Archive
Youngman and PangDa have always been very confident that they will receive an approval by the NDRC very quickly, this is again enforced by statements made by Saab that the suppliers should be paid in full sometime in September. This means that things should happen fairly quickly from now? How can that be?
Anyone who has ever been involved in an approval process with government officials (yes I have also done that) knows that there is a certain game to play. They will expect to see a certain amount of details presented in a specified way. If you’ve been there before you know what they want. And yes, Youngman has been there before so they would know exactly what the NDRC is expecting to see. Thus a quick decision can be made by the NDRC since all of the pieces of the puzzle is there from the start. First time runners often submit one draft and then need to amend it about 100 times before they get it right, that’s why it takes them such a long time…
Would Saab’s reconstruction be approved? Considering whats written just above I believe so. Saab has a great potential still and a bankruptcy would just cause a lot of damage to the country compared to giving Saab a fair chance. This was a good course of action for Saab in order to safeguard the salaries of its employees and also to get more time to do things right!