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Old 6th Mar 2013, 13:16
  #127 (permalink)  
Sean Mendis
 
Join Date: Sep 2012
Location: Exile
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Who has resigned? And why? Is this airline about to close down? It only started ops 5 months ago.
Various people from the start-up team that I recruited have chosen to move on. They can make their own reasons public if they choose to do so - it is not my place to speak for them.

I don't think there is an immediate danger of a shutdown - the company is incredibly well financed. However, operating 2 ERJ-145s with utility less than 1 hour/day each will wind up burning cash far more quickly than the business plan forecast. Besides, what is being executed right now is not the business plan that we developed and against which the funds were raised anyway.
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