PPRuNe Forums - View Single Post - FlyBe to acquire BA Connect (Crew thread - no spotters)
Old 22nd Nov 2006, 08:28
  #451 (permalink)  
biddedout
 
Join Date: Jul 2006
Location: North of the M4
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I think he/she means "got rid of" BAR. True, both companies were on a hiding to nothing to some extent, but BA gave what was BACX time to re-organise and come up with other ideas based on the fleet we had, but at the same time, pulled the BAR airframes (not that we would have been allowed to fly them) and left us with the BAR staff includind an obscene number of managers / micro managers. They remained with us and added significantly to our losses. Its all difficult to prove as BA were very good at hiding our accounts within their own, but what is clear is that in theory BAR lost just under 20 million in the year before it was wound up as an airline just as 900 or so significantly higher cost base BAR staff joined us. Unfortunately for may, it was cheaper to get rid of the Ex Brymon / Bral staff so all redundancies fell on them whilst the company gradually worked at paying off the bar staff or transferring them back to BA. True, BAcon was probably doomed anyway an WW knew this when he issued his lose lose scenario plan of "make a profit or I will close you down". We might still have failed to make a profit, but we would have had a better chance if we hadn't been saddled with the cost of disposing of BAR and it's mangers.

Nice to know that DE takes away half million++ pounds worth of share options. It comes as no surprise that one of his official roles of recent times was to run Bacon as a testbed for BA.

Watch out LGW.

Last edited by biddedout; 22nd Nov 2006 at 08:40.
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