Originally Posted by
OltonPete
A question on that point, if a potential buyer wants to do due diligence what access to they get to the financials? Obviously there are the published accounts but do they get commercial sensitive information about bases/individual routes?
I have never done and M&A deal in the airline industry but in general, any serious buyer would always get access to detailed financials on the target company. The published accounts will hardly get a second look, the management accounts are the important thing.
Disclosure of commercially sensitive information is always quite a difficult area, especially when talking to a direct competitor so I doubt the detailed base/route data would be disclosed at this stage. But then again it depends on how bad the FlyBe financials are and how desperate the management are to sell.