I think that the truth is that Palmair have suffered badly from the BIG T at BOH. They need to escape the near Europe market and the old 732 of EAC just do have the puff to go far enough.
So in comes JH and his team. Now that Mr Bath is no longer a shareholder but a major (£12m) or thereabouts creditor of the still in "creditors arrangement" EAC, how long can Palmair continue to be involved in Palmair European?
Just reckon that "ashtrays are us" could get the whole of Palmairs business if they played it right. Could be part of their salvation to get them away from the £85 LGW PMI seat cost market.
With PS at EAC unable to get a fleet renewal underway how long will the Palmair passengers, who by we all know are not in their first flush of life be prepared to fly in aircraft that are as old or older than them.
The writng is on the wall as they say