Originally Posted by
CEJM
At the risk of repeating myself, the founders of the Connect Airways consortium are not short of money so why come to the government? If they are sure that their turnaround plan will work then they would have stumped up the cash themselves. Their current practice is a good way of getting another £100 million from the tax payer to line their pockets.
Indeed... Where has the £100m that was promised when the takeover was announced gone? Has it not been produced? Has it already been burned? If the former, the new owners need to explain why they have not injected the funding they said they would. If it is the latter and Flybe has already burned through £100m, how long is another £100m of respite going to last before the begging bowl comes out again?