The airline has been in intensive care since 2014 after the Mantegazza family had done their best to kill it. The subsequent terror events in some of the principal markets worsened the situation,and the company was too weak to be able respond to these challenges. Brexit was a complete red herring.
Unanswered questions include the alleged link between Greybull and the Mantegazzas, and also how the latter managed to get away with one of the biggest pension robberies in UK history.