Flybe CEO Saad Hammad started moving into LHR
Saad had gone by the time Heathrow came along. That happened during the time of the interim Chairman running the show and looking for a way to make Flybe more attractive in the City to help the share price, so I recall hearing at the time.
I cannot imagine EY being too keen on allowing someone doing a smash and grab while they are busy trying to extract as much value as possible for the creditors (not very good for their reputation). Likewise, a pension scheme with a funding hole and a pension regulator taking a keen interest in not going to be keen on letting this happen. The pension regulator has been embarrassed before in these situations and I doubt they will let it happen again.
The smash and grab was done before EY were involved. Cyrus had security over Flybe's slots before it collapsed and so any value is already beyond reach of EY and the pensions people.
if it does indeed accurately reflect the notes from the hearing correctly
Unless the whole document I'd got is an elaborate wind-up, it is a transcript of the hearing so reports every word. I've had a PM to say that anyone can request it from the CAA by e-mailing
[email protected] to ask for a copy. It is worth a read and there are a few interesting bits but that was the stand-out line to me.