I read the EY report.
Seems as likely to me that Cyrus bought the business to try and sell it (and in particular its slots, hence the appeal to the CAA over the withdrawal of the OL) on as to actually (re)start an airline, if not moreso.
Tell me why I'm wrong.
Edit: downloaded the report and read it over the weekend. Hadn't looked at new posts since then. Reading them, I guess I'm not wrong.
Edit edit: aiui ownership of the slots depends on having an OL, having an OL depends upon various other bits, people etc being in place. So a pretence of possibly being a functioning airline needs to be retained. Everything points to Cyrus believing it can realise value from the slots.
Last edited by medod; 12th Apr 2021 at 12:38.