Originally Posted by
LGS6753
It would appear that, on the face of things, Flybe has burned through £200m in a year. That's the £100m in unpaid APD (calculated by another poster as around 12 months' worth), plus the £100m that Virgin and friends were supposed to be putting in.
Surely losses of that degree are virtually insurmountable - unless of course the rescuers didn't stump up the cash they pledged.....
The Virgin/Stobart/
Cyrus consortium has so far pumped in £20m working capital loan and a further view to invest £80m - it was reported before the takeover.
https://www.theguardian.com/business...led-consortium
Something happened recently that spooked the investors and was going to stop the £80m investment which seemingly now will be forthcoming following government reassurances.