nah its not like that at all.
They were originally set up by people that knew aviation and what they were doing.
After a change to the company philosophy they pulled out as much as they could from the civilian market.
Then on paper the training market looked pretty lucrative when they got rid of it. Now I suspect short term accountancy has left them with a legacy which may or may not prove to be fatal with the historic and current situation.
Flyeasa was a completely different kettle of fish. It was set up by a character who ran it the way he wanted when he had the ability to run it a different way and still make a tidy profit.
There is a huge over capacity in the training market. How the market evolves nobody knows. But it will be the consumers that will suffer at some point as they have in the past numerous times before.
Fact is getting a 5% return on your investment in aviation is good normally its 1-2% this is not the numbers that a capital investment company likes to hear.
The only people who make real money on an airport is the fuel suppliers. And that is usually a closed market for that very reason.
Last edited by mad_jock; 4th May 2014 at 06:41.