Flybe Group Share Price (FLYB)

Ofcourse he did :P Branson has got rich at the expense of others and the taxpayer.

I wonder if Banson will try and get some money from our tax payer pockets for his different businesses as he is always passing the begging bowl around when he sees the £ sign , i don't think any of his group pays tax here ( or little ) as he is not registered here i expect , but he will try i bet.

Good assessment, Taverham. Also worth mentioning that many employees, in particular pilots, owned shares in flyb. After they were ripped of their assets a year ago, many of them left, which led to crew shortages, cancellations and temporary coverages. This and several dips in bookings due to press coverage on financial difficulties (winter 18/19, Jan 20, Mar 20) imv impacted the financials much more than the very recent dip due to the virus. The virus is a welcome excuse to deviate from own incompetence. I hope that the involved directors will not get any subsequent position on equivalent level.

There seems to be a general consensus emerging that the consortium invested very little and the money 'put in' was really loans secured by Flybe assets. All of that underpins the assertions made by people like myself that the shareholders at that time were let down badly by the bod. The aviation experts and some posters on here are pointing out flaws in the business model and the strategic errors from years ago in purchasing the wrong fleet , which needed to be addressed by the new owners but was'nt. The government imv have seen through the lack of real commitment and investment by conn air to running the airline as a going concern .The virus has brought all of this into sharp focus. Best wishes to the staff - like the shareholders they deserved better.

I hope all the staff have great success in finding jobs elsewhere. The staff in Southampton should be ok as the local economy is quite strong.

Good to see 962.