Half full/half empty?
Hudson
You may be right or a mile out, who knows for sure, there are some positives in this (apart from the people directly effected of course) if this is a slow death, why, it would have been easier to shut up shop, 12 leases would be sorted by LH given their clout and at least they would have drawn a line under it, this way the have exposed themselves to the down side risk.
I doubt the public will bat an eye lid RBS have announced 3'700 job cuts this week alone and they maybe underwritten 83% by uk gov but LH is backing baby in this it seems.
Industry figures have suggested a loss at bmi for year ending 31/12/2009 of £150m-£200m for bmi group i have heard figs for baby quoted at £5m loss and Regional £0-3M loss, that leaves one hell of a whole to fill from elsewhere!!!
I was at an ex regional bods wedding do in Harrogate a few weeks back and a Regional BALAP guy said "watch what they do baby, take their jobs cut and multiply by 10 fold to see whats coming mainlines way"
I think a lot of peeps are going to have a crap Xmas