To be short of cash at this time of the year is normal in this business. Most of these operations are funded by pre payments and they have unwound over the summer and the booking season proper starts again post Xmas.
The VC boys have a choice of putting more cash in or selling a part of the company. EBITDA means nothing its cash flow over next few months until bookings come in. The worry is that with all this negative press people may not book.
As for aircraft being flown in I cannot comment as to true or not but clearly a leak or two.
My view is cash will be added by Greybull. The key question is why are they short now?
Is it lack of bookings ?
A trading loss over the summer ? they deny this?
Or growth and on going aircraft costs.
As a DART holder and follower its going to be a difficult time for all. Even DART are predicting a 50% fall in profits this year with a further small fall next.
Flying with MON on Sunday so rather hoping all is ok for the excellent team they have there.