Part of 3. Topical Questions – in the Senedd at 3:15 pm on 21 November 2018.
The news was alarming last week, obviously, that Flybe have put themselves up for sale, because, in some markets, they are a very successful airline and achieve real growth. In the early years of the Government's ownership, significant loans were made to Cardiff Airport, with the purchase price on the loans in excess, now, of £100 million, I believe the slate talks of. Part of that money was made available to secure Flybe to the airport, and if you look at Flybe's accounts, the aircraft are actually chartered to Cardiff Airport, which is quite a unique way of accounting for those aircraft.
What security has the Minister had given to him that no Government money is at risk should the worst-case scenario happen and Flybe cease trading? None of us want to see that happen, and, hopefully, the best option, which would be to secure the long-term viability of Flybe, either through a partnership or a purchase, will actually expand route development out of Cardiff. But there is a significant amount of public money being put on the table to secure the Flybe route, and it is incumbent on the Cabinet Secretary to give Members assurance that that money is secure and is able to be transferred to a new operator, should Flybe cease their routes out of Cardiff.