Right from the first posting the CAA reported numbers were so bad that there must be doubt if they were true. The numbers above look more in the ballpark of what you’d expect with some routes doing well and others like LBA-LHR dragging down the average. Interesting that we get the proper numbers here first though!
The Companies House document is interesting more for what it doesn’t say than what it does.
No shareholder is allowed under the CAA airline financing rules to take security over assets or intellectual property for their initial investment into an airline. The shareholder ranks behind all other creditors. This has now changed with the charges over Flybe assets and IP (which was the case with Cyrus investment into Flybe 1 also). If a charge has been registered then it means that additional money has gone in.
Last edited by Albert Hall; 20th Aug 2022 at 11:07.