Originally Posted by
SMT Member
What I don't understand is how, accounting wise, FlyBe has presumably used the APD funds for purposes other than intended.
To my simple mind, the APD should have been parked on an escrow-type account, from which the funds would be transferred to the authorities at prescribed intervals.
I'm no sort of expert on airline financial flows, but I found out a long time ago that funds paid to any sort of central organisation that one assumes are earmarked for particular expenditure get used to provide day-to-day liquidity if the designated expenditure isn't immediate.