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Captain Paul Forjoe, a former deputy chief executive officer of Ghana Airways has said the country threw away a lot of money with the collapse of Ghana Airways.

Speaking on Asaase radio, Forjoe said, “One of the saddest things with the demise of Ghana Airways, to me, was that as a nation, we threw away money.”

He said Ghana Airways could have sold its rights to other airlines but failed to do so.

“Ghana Airways’ greatest asset was its rights; its land rights to Heathrow; which was hundreds of millions of pounds.”

“Somehow, because we had people who didn’t understand the business, they declared bankruptcy believing that they could set up another airline and get those rights. It doesn’t work that way; the moment you declare bankruptcy you’ve lost the rights,” he added.

In truth, if people understood this, people should be going to jail for financial loss [to the state] because what did Ghana Airways owe when it went bankrupt? It was a patent.