AS I see it:-

SH1t head decides he is going to build an airline..............he go's to the bank.......he has no real business plan. However the bank has the central bank to fall back on...........so no worries.

Make loan, (con-mission) lease planes (Con-mission) service debt (con-mission)................airline colaspe (con-mission)........sell off assets (con-mission) ..........send ALL debt to central bank!

Everyone loses, expect the banks.

Mike