Flair has heavy debt and its Management acknowledged its balance sheet isn’t great. It’s clear they have been without a financial pump for a while, as when those aircraft got repossessed, 777 stepped in overnight and paid them. Certainly no assistance prior to that even though many default notices got issued.
Tiger in its first year, also with 4 aircraft, burnt $50m plus $10m in startup costs. I don’t see why this is any different.
Tiger in its first year, also with 4 aircraft, burnt $50m plus $10m in startup costs. I don’t see why this is any different.