PPRuNe Forums - View Single Post - FlyBe to acquire BA Connect (Crew thread - no spotters)
Old 16th Jan 2007, 22:02
  #894 (permalink)  
bermudatriangle
 
Join Date: Sep 2005
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This doomed fiasco continues its long played out drama.it was never a good deal for FLYBE.BA were very astute in trying to dump this loss making,mish mash that masquerades as a "proper"airline,for a seemingly large one off cash injection.the penny has dropped that the huge cash ammount that initially seemed so attractive to the boy scouts in the hut in Exeter,will soon disappear in any attempted integration.the pension liabilities of the long serving crews are just 1 example of the horrors that await the initially keen purchaser. Only a commitment by BA to an open ended cheque book will satisfy the now very doubtfull prospective buyer.will BA be that desperate,who can tell...as i warned many weeks ago...this deal is far from done.
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