Flight International reporting that FlyBe are unhappy with BA who have reduced the value of their 15% holding to £30m by writing off £13m this year (against £6m last year).
See:
Flybe disputes BA's writedown of shareholding
Interesting that both Virgin Atlantic and FlyBe have trumpetted their profitability whereas the publically quoted part owners (Singapore and BA) who are obliged to use international (and thus different) accounting standards effectively say otherwise.
Let's hope VS/BE are right.