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Old 29th Jul 2004, 17:50
  #66 (permalink)  
colegate
 
Join Date: Feb 2004
Location: Crawley
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John Smith. I think that you are wrong when you assert that MYT did not have good lease deals on their aircraft. A friend of mine is a lawyer who specialises in aircraft leasing deals. He reckons that MYT(Airtours) were very canny and shrewd negotiators. That was never their problem. The problem was that they were the first large company to suffer the effects of overcapacity. Overcapacity is always a voluntary act on the part of managemnet, usually because they have dreams of domination. That dream has been well and truly shattered as it always will, but there is probably a good core business that will survive.
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