Misinformation
I totally agree with cloud1. This has been an airline awaiting its demise due to bad management decisions for so long. Gifted a cash cow, the Liverpool route by Emerald and also with the slots loaned by Jersey European to London City there was the ability there to make money using the right type of aircraft at the right time. But what a drain must have been the initial show off of 2 RJ's which used to stand on the rgound for long hours , and then the long term wet lease of an ATR72 which frequently flew half full.
And as for the slating the AD has come in for with the unfortunate comment about maintenance, what about the comment which according to the local press came from the CEO last week - something along the lines of "all is normal and we are still in the business of leasing aircraft"
This was the he only comment he has made in weeks after so much bullish talk prior to that.
No I'm sorry, the open skies policy may have been a factor, but is not to blame. That rests fairly & squarely back in Aus.