Originally Posted by
spacedog
The referred to article is absolute rubbish and over 2 years old. We have left the EU the pound is rising and our destiny is in the hands of our elected MPs. Quite frankly if it means that some of Bransons ventures are torpedoed I couldn’t care less. As an earlier post explained he has
had more failures than successes.
I suggest Branson should get his hand in his pocket and deliver along with the other members of the consortium on what was promised just over 12 months ago. If they can’t be bothered then the shutters will come down on BE. No way should tax payers money be used to pro long the slow death of this company.
This doesn't need to turn into a Brexit argument. That, for better or for worse is a done deal.
However it is entirely possible that a future relationship that is tantamount to no deal could so easily impact very adversely on Flybe, not to mention the rest of the UK economy. We have to wait and see. With regard to the currency, the main upward movement in sterling's value has been against the Euro, which is having a torrid time against the dollar, and if you look at the sterling / US dollar rate you can see it's hardly shifted in recent weeks, albeit the little movement there has been is upward.
A crash in sterling's value against the dollar, however it were caused, could well create yet further difficulties for Flybe since, one would assume, since their koffers aren't exactly flush, hedging fuel whilst oil is off it's highs and sterling OK is probably not an option. Don't know (like everyone else, and I mean EVERYONE ELSE), just speculating.