Takeover my ARSE!
A takeover is when one company buys another.
Flybe have paid sweet FA for BACon!
OK, they'll have to hand over 15% of their stock when they float.
But as the company will be 50% bigger due to adding BACon, that will be no hardship.
Also as BA then will hold 15% they'll only have to buy another 35.1% of the stock if they want to repaint the tails red, white & blue and reenter the regions with exactly the set up they need.
ps. Spare a thought for the many mainline BA folk who'll soon lose their jobs due to connect closing. Seems to be that BHX, for example will soon close completely as a BA base after 35 years with the loss of 400 jobs. Other 'outstations' like MAN, GLA, EDI, BRS etc will also lose many jobs although the employees are not connect.
