Yes, chipsbrand, I think that is right in most cases and all of us in this forum know the total abscence of cohesive govt policy. All there has been is meddling.
I agree that the merger was sensible and that the culture clash would have been terrible but something might have emerged. In my view, LH bought at the wrong time and allowed the 'put' option not remembering the next recession that was always going to happen. The asset strip they did was their only option for the mistakes made before. Then, IAG were always going to be allowed to buy it. Once again they were allowed off the hook, with a handful of pairs given up. It's all been wonderfully cosy.
However, I think the statements being made now by VS/SRB are known to belong to the stable door but are relevant due to the ongoing LHR problem - which will have to sorted - one day!