Originally Posted by
Windmill Wiz
I am not sure the statement that the company has been loss-making historically is correct. It does not tie up with the published accounts filed with Companies House, which show that the company generated a profit up to 2019 when the ex-FlyBe management team took over.
True. Those of us who remember the old PAS and MAS days where the company was profitable, admittedly with comparatively low pay but far fewer management.
Let nobody forget prior to 2020 the company was run by 1 individual and 1 CP/HoT.
Along came a team of roughly 10 from Flybe who drew vast salaries and bonuses. Their performance at Flybe was clear, bailing out months before the final nail in the Exeter coffin. Prior to that leadership stretches at Babcock where the offshore Scandinavian branch was killed off despite being crucial to UK business offshore success with a new client and charge of Spanair up to it's demise highlight an ineptitude and continual escape from reality from management post to management post.
Revolving door really.