Originally Posted by
CSman
Mistake by BA management, they Should have bought Monarch last year,No need for Level,,Crews that want to be based in Gatwick,Some of the very best in engineering in their M/t set up Flying standards some of the best in the industry CSman BA 747 retired
Maybe, but acquiring Monarch whole would probably have meant taking on the debt too. It makes more commercial sense to let it collapse altogether and pick up the worthwhile bits / personnel you want on the open market at knock down prices and avoid bailing out their creditors.
If the business as a whole had been worth acquiring it would likely not have been close enough to financial collapse to actually go bust.
It's all very cold hearted, but at the end of the day money going into someone else's creditors pocket is money not going into your own staff's pay packets, etc.