So the airline had a value of £28m. Anyone know what the market capitalisation of it was at the time ? If BA also needed to stick in a further £26m of cash straight away (will be needed to pay suppliers etc) then they must have been running pretty short and needed to sell out, rather than being a cash-positive business from day to day.
I'm sure we'll have a good discussion about why the other three premium operators went to the wall with no investors interested, while this one has managed to sell itself on.