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Old 29th Feb 2020, 14:50
  #3517 (permalink)  
SWBKCB
 
Join Date: Apr 2003
Location: Northumberland
Posts: 8,586
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Originally Posted by Rivet Joint
There is a lot of naivety on here. It is a very simplistic view to suggest that investors keep putting their hands in their pockets to shore the business up every year. That is not a sustainable business model. The deal with the government is to reduce the taxes to make regional air travel sustainable going forward. It’s not about tax payers money being used to repay the overdraft. Most of BE’s flights are domestic, which means APD is paid twice. BE is therefore affected more than other airlines by the current system (its only paid on departure from a domestic airport). Hopefully the government will change the rules but I suspect their hands are going to be tied, as the lunatics are clearly running the asylum as we have seen with the recent judgment against LHR. I suppose we should all go back to commuting by horse and carriage.
While some of your points maybe valid, all of this was known when the investors bought out BE. APD hasn't changed, there's been no other signifcant changes to impact BE, so if the investors have miscalulated badly, that's their mistake and for them to correct.
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