Stand 22,
The recent woes at TCX have indeed been highlighted in the national press in the last week. The UK arm is expected to make £30m this year while the German side of the operation is the problem area, hence the apparent dismissal this week of the CEO and his right hand man.
I hope MYT do survive as it does no-one any favours if they fold. Wanabees will find their chances diminished, the MYT staff will have a distressing search for new jobs and the terms and conditions for all pilots will undoubtedly be further diminished as managements can point to a surplus of trained pilots looking for work.
That said, the desperate cost-cutting employed at TCX UK post Sep 11 and reduction of capacity i'm afraid to say was not mirrored at MYT. Therein lies the current predicament they find themselves in.