bean - I'm not talking about shareholders of Flybe Group plc. That's water under the bridge so my reference to Flybe is in relation to the failure of the business in March 2020 and who the shareholders were at this time.
When Flybe failed, it did so because the shareholders of Connect Airways (Cyrus, Stobart and Virgin) were unwilling, or unable to provide funding to keep it going. In the face of Covid-19, VS decided to save their own business which whilst unfortunate for Flybe and its employees, is not unsurprising. Unfortunately, VS now finds itself in a reversal of roles with DL being unwilling to commit further and thus it is now up to Branson to decide the fate of VS.
If VS meet the criteria that makes them eligible for Government support as Easyjet have done, then I believe that they should receive this funding, but in my view it should only be an option if the existing shareholders of VS contribute match funding (raised by whatever mechanism) too.
Last edited by JobsaGoodun; 24th Apr 2020 at 13:20.