Extended credit to EuroManx
Having now read the IOM Governments' report on the EM affair I'm absolutely shocked that the government have extended the credit to just under £1m for a struggling airline.
This is clear incompetence on the part of the IOM Government and no doubt the AD is involved too. How and why would you extend credit facilities for this amount of money for months on end.
Now, everything's gone tips up and it's the taxpayer and passengers that will have to fill the hole in the coffers.
I wonder what the response on this will be from Mike Rutter of flybe or Noel Hayes of Manx2. I can imaginw though! Its already been said on here that the government never admits mistakes.If action had been taken sooner then the disaster that happened could have been avoided and a slow wind-down could have been performed.
Good luck to all at EuroManx in finding new positions, I gather they are all being taken care of by Flybe, Aer Arann or bmi regional.