Who under the current climate is going to touch a peripheral european regional airline and pour money into it. Please dear god not another AIB, just let it die quickly and without pain and let it re-emerge, fitter and stronger and ready to battle again.
Yes its hard on all concerned but throwing good money after bad long term helps no one, short term maybe but its the future that needs to be looked at.
One thing is a certain ANY investor will want costs cut, contracts re examined, routs looked at. The cold hard facts are that if they are to continue it wont be the same size as it is at the moment.
Sorry and all that for the staff and hanndling agents etc but im sure the vultures are already picking at the bones and looking to see how they could pick up the odd route or three, Manx2, Eastern Airways, Flymaybe,CityFlyer,Easyjet etc etc etc.