Accounts
Allthough these loses have been posted compared to the FTSE value of the company it is of little concern apart from those ex staff members seeking a new job.
Within this loss how much is written off on the costs of the 'GO' takeover which clearly have some financial implications which will be ongoing.
Surely their larger problems will manifest themselves in the next few years when they take delivery of the A319 and experience the number of ground incidents i.e. damage to engine cowlings and damage around the hold doors and seals that require the a/c to go out of service and the exorbitant costs of Airbus spares. I am told that the spares cost soon make up the loss on the beneficial sale price per a/c.