I would be one of the last to defend BTL. But, keep in mind when we complain about the cost, 24.5% of that is a tax paid to GOB. Choosing between an Aschroft run company and GOB run company does not leave for a good choice.
I'm in complete agreement and would have rather seen the GOB induce true competition to force BTL into good practices.
However, on the plus side, this does not look like it will be a GOB run company. They say they are selling 51% to belizean citizens and 49% to anyone that wants to buy it with some limit to no one person owning more than x% (I think 25%).
While I don't support the government forcing taking over a private business, I'm happy that they are at least going to be placing it right back into the private sector.
I'm working on the wife now to let me get some of that BTL ownership goodness.