When Saad Hammad took the controls at Flybe almost three years ago, he knew he was in for a challenge at the ailing regional airline. But no amount of due diligence could have prepared the former easyJet executive for the crisis he faced when he touched down.
“Running out of cash, loss-making, in disarray,” is how he describes Flybe’s predicament then. Floated at 295p a share...