Originally Posted by
Skipness One Foxtrot
He’s a monster to work with. This is why entrepreneurs need to move on. He founded so many easy companies, all of which failed with the exception of easyJet which he sold off and got in a proper management team to run. It’s not his own personal plaything anymore. He continues to behave like a giant hairy baby, it’s sub optimal for sure.
Whilst you’re not wrong in what you’re saying, because he is a complete pain in the rear and like a dog with a bone, I do think he is correct with the major issue regarding aircraft orders.
The current fleet they’ve got will definitely see them through for the foreseeable future and the sensible, and moral, thing to do would be to cancel the majority, if not all, of this order. The credit facility they’ve gained will need to be paid back and should be their priority. They can and should be working to reduce their order, defer it or whatever else is required. It seems fair to assume they should be focusing on staying in business..
It might well be that someone else comes along and says there is clear logic for maintaining their order with Airbus whilst struggling with their other financial obligations but I cannot see a strong case.