Flypuppy
I was referring to a Terms sheet agreement.
Re Regional I think that the deal re Granite was announced in what Oct or Nov? and seems to have stalled, the rumours are that Granite would get £2 of assets for every £1 invested,so for an investor it's double your money apart that is from ensuring that it at leasts breaks even.
I don't think the Scottish card comes into it. Bmir may have its operational head office in ABZ but it's run from the Midlands like or not or more accurately FRA. There is no shortage of flights between Scotland & England so I doubt the competion people will be concerned one way or the other, access to LHR is of course another matter, but we are all Europeans now so LHR is to be viewed the same as AMS BRU CDG FRA and let's face it many choose to avoid LHR.
Speaking strictly from a pilots point of view many may be better off within IAG let's face it a back door into BA would be a result that few could have dreamt of!