Games over boys.
A token guesture from timmy before he retires to his country estate. It's time for him to bale out now before it falls apart around his ears. Lets face it, it's going to get more difficult for manages now - they might even have to do something to stop the rot.
Better to get out after collecting a big fat bonus and leave it to the locals to sort out, after all they have been well trained.
Well and truely a third world airline now folks.