On the face of it Manchester / MAG appears to be prime beneficiary.
Will the deal go to through however ?
By my figures it values the deal at .08p a share, there will be a lot of peeeed off shareholders holding at 16p a share about to lose their shirt who bought at much much higher levels.
IAG will want to keep MAN in its "regional" box.
Will they respond and scupper the deal.
Think bilaterals from back in the day.
Is a FLYBE VIRGIN STOBART axis a prelude to a full assault on Heathrow come RW3 ?
Maybe MAN thinks it has the main prize but is just a proving ground ?
and where does it leave BHX. Possibly another major blow ?
Last edited by Navpi; 11th Jan 2019 at 05:41.