, ,

(Two-minute read)

It stinks on more than one front.

Connectivity is only a smokescreen for state aid in breach of EU regulations.

The chancellor, Sajid Javid, said: “The reviews we are announcing will help level up our economy. They will ensure that regional connections not only continue but flourish in the years to come – so that every nation and region can fulfil its potential.

Unadulterate bullshit.

The aviation sector has got away for years with increasing its carbon footprint. The last thing we need is another incentive for them to pollute more.

A possible government deal to cut the cost of flights to save regional airline Flybe is “the exact opposite” of what is needed to tackle climate change.

Connect Airways, paid just £2.2million for Flybe’s assets but pledged to pump tens of millions of pounds into the loss-making airline to turn it around.

Of course, this never happened if it did it would not now be looking to defer a few million for three years.

Cyrus Capital Partners is based out of New York it is a large advisory firm with 33 clients and discretionary assets under management (AUM) of $4,897,199,827 they owned the largest share of a newly formed company called Connect Airways, with 40%, while the other partners owned 30% each.

The regional airline did come close to outright collapse a year ago amid an acrimonious takeover battle that left shareholders fuming that their equity had been left worthless.

The Uk government cannot claim to be a global leader on tackling the climate emergency one day, then making the most carbon-intensive kind of travel cheaper the next.

APD generates billions for the Treasury each year, with the fee expected to be worth £3.7bn in 2019/20. It was introduced in 1994 as a tax to pay for the environmental costs of air travel. However, if you’re just changing flights in the UK en route to somewhere else – as long as the time between flights is less than 24 hours you don’t pay APD.

Children aged two years old without a seat booking are exempt from APD.

The idea was that the tax makes passengers think twice before flying.

Unfortunately, taxpayers money pumped into this company will only line the pockets of the shareholders,  its bankers

Reality check.

The national debt attributable to every man, woman and child in the U is in the region of £24,900 each.

All human comments appreciated. All like clicks and abuse chucked in the bin.