I am not convinced about these latest statements concerning a form of flybe returning.
Mostly as the three members of the consortium are apparently in line to receive an amount of their investment back from EY.
This part of his statement I find interesting for all the wrong reasons:
Cyrus is doing everything it can, along with the other consortium members, to ensure that a business emerges that can re-hire the many thousands of employees who were dependent on it.”
Is Virgin and Stobart working with Cyrus to ensure a business emerges after it was allowed to fail? Has anyone heard this strategy from Virgin and Stobart since the 5th March?. Especially Virgin!!!
How many is many thousands of employees? flybe has circa 2400 (not many thousands as stated) and it would be near on impossible to have a working start up to have that many re-employed.
I understand that people are getting hopeful and positive about some emergence of a regional airline from the dire commercial failure of flybe.
But a large pinch of salt is required to accompany statements on its revival.