Shorty Posted October 4, 2012 Share Posted October 4, 2012 Indeed! I am interested in knowing what this 'flaw'/'mistake' was. I have no idea what sort of context to expect it to be in... From what I understand it came down to the amount First had agreed to put forward as a security bond (an amount they would have to pay if they failed to provide for the whole 15 year contract). First told the DfT that they would pay £200m (which Virgin thought was too low from the outset and suggested something more like £5-600m) but somehow that just rolled on through - presumably the DfT jumped to the conclusion that First's calculations were right and didn't think to double check. From a quick google I think the math fell apart on the inflation side of things. Edit: and passenger number estimations. Worst part? Mail reckons this'll cost us £100m. Link to comment Share on other sites More sharing options...
jayseven Posted October 4, 2012 Author Share Posted October 4, 2012 Wow. God bless privatisation. Link to comment Share on other sites More sharing options...
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