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Old 2nd Feb 2020, 12:09
  #3042 (permalink)  
SKOJB
 
Join Date: Apr 2018
Location: UK
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A speculative article maybe but these rumours have been ongoing for too long to not have any substance. What I fail to understand is how Connect would have carried out their due diligence on BE this time last year and must have realised the ongoing capital injection required and debt management needed. It seems they are not prepared to continue the type of investment required to run a regional airline and instead are taking a begging bowl to central government for APD deferral and a £100m loan. This I’m afraid is a sticking plaster solution and one I don’t believe the gov should commit too, albeit I agree with the need for continued support of regional connectivity, and it will surely only be until this loan runs out pretty quickly and we start the merry go round once again. At present the BE business model seems a mortally wounded beast and one wonders how much longer it can survive!
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