Originally Posted by
EastMids
The reported delayed APD payments amounts to a similar sum to the original proposed bailout from Connect. So did Connect Airways (Cyrus / Stobart / Virgin) put in the promised £100m? Or did the promise of a takeover release the credit card acquirers' withholdings and enable Flybe to carry on until now without a massive injection of cash? Or a combination of the two? Or was the promised cash injection smoke and mirrors and funding may now end up coming from the public purse rather than the consortium?
Yes these are good questions. Others are what the carbon tax element of APD ought to be for short haul, and what the Govt would need to do in terms of PSO if the whole network went under. Maybe the biggest question surrounds the medium term financial sustainability of the operation if a deferral is granted. That's more fundamental than immediate liquidity.