According to a report I read from Michael Knight Chairman of SHH the 'transport division' lost a total of £3.945 million in the last financial year. That is up from a mere £850K the year before.
When you are valuing a company forget aircraft types routes etc and how they may fit in with others, look at them all as wheelbarrows. If planes are owned they are assets and leased liabilities. Nothing that isn't owned or highly desirable is worth a light.
Al Titterington, MD at Newquay, seems confident everything will continue so lets wait and see, this day and age anything is possible.