SLT,dada,kinsman
Your enthusiasm for all things "thunderbirds" is laudable. And I am not a moderator.
The reported facts are these:
MYT is having, byt it's chief exec's admission, to sell businesses to survive THIS WINTER. It faces a cash crunch.
MYT has had it's shareholder value diminished by it's wasteful management over the last 5 years.
MYT is now 20 odd % owned directly by the banks.
It's shares have slid to around 15p .
No one has bid for MYT because it is virtually bankrupt. No competitor will buy capacity from you in a sale at fancy prices, because the chances are that they may get it for nothing before next spring.
MYT has junk status amongst the credit community, meaning that if people were to lend you money you would pay more for it. And that you cannot afford.
Now, let's contrast that to the plight of Thomas Cook:
TCAG are making horrendous losses.
TCUK made a record profit.
The group has two main shareholders. Lufthansa and Karstadt Quelle. Both have reaffirmed their commitment to the group strategy.
No assets are being sold. Yet.
The company answers to two shareholders, not 200,000 like MYT do.
If TCUK were sold, then so be it. However they are a going profitable concern. So, unlike MYT the situation is different.
Personally, I wish we could all work in a stable environment. All pilot's should start on £100000 p.a. and have company ferraris. We don't though, and it is survival of the fittest.
Thomas Cook may not be in the best of health, but in the industry eyes, MYT have already been given a lethal dose of sodium pentathol and are not long for this world.
Bad news it is, but that is the way of it. Please feel free to come back and abuse me. It always happens when I tell the truth.
