Originally Posted by
Schoenheit
and still the obvious question is why the wealthy investors aren't providing capital rather than shouldering the company with additional debt at punitive rates of interest. The "invest" in investor is seemingly lost on them.
Simple, because they'd rather asset strip:
A cynic might say that this has always been the plan of its new billionaire owners: let the airline go bankrupt; seize its assets and airport slots in Gatwick and Heathrow (worth millions); and avoid having to pay out pensions, redundancies and expensive aircraft leases.
https://www.socialist.net/flybe-cris...ax-holiday.htm