Originally Posted by
dirk85
Well, one is function of the other, as a standalone company TCX does not have legs to stand on, so in this context TCG=TCX.
The point is TCX are profitable (at the moment) TCG are struggling (to put it mildly). I don't think he inferred TCX could make it as a stand alone business. It is however well positioned , at a cheap price, in a buyers market, c.f FlyBe