glynn-kayes quote:
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"Air UK had operated the BFS-LBA route for many years and it was very successful. Then along came Capitol who undercut fares so much that they bankrupted themselves".
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You state in your latest post that you flew for a "fiver less" with Capital. Is this undercutting fares "so much".
The Capital fare structure was a capacity controlled £29/£39/£49, the sooner you purchased the better chance you had of the lower fare(s). Air UK had nothing like this fare structure before Capital (£60+ one way) and only reacted by cutting their fares as a result of the competitive stimulus.
As regards Capital going bust:
Capital were a seperate company but part of a group. Capital did not go bust, the group, Brown Group International (BGI) did and brought Capital down with it. The individually audited company accounts produced by the receiver showed Capital with an operating surplus of £4m but there was an uncollectable debt owed to Capital by BGI which exceeded the surplus. As a result the airline was unable to meet its obligations. So yes, Capital was inslovent, not as result of its operations, but as a result of the accounting practices of its parent, over which it had no control.
glynn-kayes quote:
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"I also believe Flymo Thompson was at the helm at the time,probably why they went under,he nearly did with Air Wales,apparently".
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Perhaps you can support the above allergation(s) given the facts above re. Capital and the fact that Air Wales was restructured by "Flymo Thompson" and went from a "shambles" operation with 2 DO228's to 5 ATR42's.
The changes I saw in my professional capacity were, flights acutally operating, operating pretty much on time and carrying passengers, i.e. mostly full. This was a stark contrast from the previous management of both airlines where flights were often cancelled at the drop of a hat and frequently flew virtually empty.
I only saw improvement in both their operations.