Apart from being a firm believer that the government should not be getting involved in private Ltd companies, I also don’t see a reason why the government should help.
The Connect Airways is formed by some very wealthy companies. If they were so sure that the turnaround plan would work and the future would be rosy, why do they not loan the £100+ million to Connect Airways?
Before anybody has a pot shot at me. I do feel for the staff and only know to well what they are going through at the moment. I lost my job when Monarch went under and no I am not bitter because the government didn’t bail Monarch out. As I said before, a government should not get involved in PLC’s and therefore did the right thing not to help Monarch out.