Sources close to Duo said the six European routes from Scotland were "more promising" than the flights from its own base in Birmingham, and that a major new promotional push was in the pipeline before the financial backing fell away. The company had received extra cash and was counting on getting a further £1 million to stay airborne.
The insider said: "Scotland was Duo’s strong point and some of the routes were potentially very lucrative. The Birmingham market had tough competition. It was not the performance of the routes that sank Duo. The fact is you need very deep pockets to run an airline and there wasn’t the financial backing required for the whole operation."
I don't know if the article is good for EDI or not. The title doesn't suggest so, but then the quote above does.
It spells out that duo were unlucky to go, and I feel it is a shame that they are gone and didn't even make it to summer.
Loads at EDI were improving nicely each month on all their routes, but obviously not fast anough!
A well established airline will make easy money out if duo's routes from EDI.