I imagine that BA as a large company with a high public profile will want the sale of both baby and regional to be reasonably above board. Anyone with fifty quid can go to Companies House and form a new Ltd company. Anyone can pay a pound to BA for some assets. This alone will lead to tears in the not too distant future.
The company buying bmir or baby has to be credible - not only to the CAA but also to BA who will wish to ensure employees are not completely shafted by a rogue cowboy who wants only to strip the remaining assets for a fast buck. That means a clear and sensible business plan with an experienced managememt team who have plenty of cash in the bank to staunch initial losses.
It may well be better to be given formal redundancy than work at the risk of not getting paid. Those working for regional and baby now at least know their position clearly and have between 3 and 6 months to do something about it.
Anyone up for retraining into a different career by starting at evening classes at a local college or the Open University ? Gain some transferrable skills and with something on which to fall back, things are likely to be less painful in the future.
Last edited by davidjohnson6; 26th Apr 2012 at 00:35.
Reason: Fix typos