I'm not sure if there is any truth in this, but it could be for real, PM must know that up against the twins of Thomas cook/Tui Jet2 holidays is a very small fish in a very large pond in which it can not hope to compete.
Its OK to talk up lease and the Haj opportunities, but look where that got Globespan?
PM has built Jet2 into a good brand that well known and respected accross the North of England, but there are weakness in its stratergy not least the huge costs that will be required to fund fleet renewal against the two big players in both the Loco market and the IT market, before long they will get the game changer that is the 787, the carbon market in Europe will punish companies running old kit.
Who knows perhaps the thought of a large pay out and time to enjoy may sway the day, if you think Monarch haven't got pockets deep enough think again, ask yourself how much the Jet2 fleet is worth? and what will be its value in 3 years time and the economy start to pick up.
Remember everyone has their price, PM is no fool
