Tailscrape
You are of course correct the situation at MYT is not good. But to put the TC situation in context many of the MYT companies are making money just like TC UK but that will not protect them if the group fails nor will it protect TC UK.
The reason TC UK is in a position to turn in any kind of profit this year is due to the intervention of the Germans and this can work both ways! Much of the write down in Germany is due to the rescue of TC UK.
I don’t think having only two share holders is an advantage frankly as that makes it easier to dispose of assets. Airlines are rarely seen as assets to tour companies these days I am sad to say!
Taking on pilots is not an indicator of a healthy company AE were doing it right to the end. It also means you may have an unhappy work force if you need more pilots and you are not increasing capacity!