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Search: Posts Made By: chance
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Forum: The Pacific: General Aviation & Questions
28th Jul 2017, 22:36
Replies: 191
Views: 98,202
Posted By chance

First open meeting of the Queensland Aero Club,...

First open meeting of the Queensland Aero Club, which now has possession of the memorabilia, is set down for Saturday 5th August, 2017 at the Flying Fighters Hanger, 400 Wirraway Drive , Archerfield...
Forum: The Pacific: General Aviation & Questions
20th Jul 2017, 01:06
Replies: 191
Views: 98,202
Posted By chance

The meeting resolved to wind up RQAC . The...

The meeting resolved to wind up RQAC .
The stuff that ended in the skip occurred because not all the memorabilia were stored in the one place and when AAC and Basair took the keys and wanted all the...
Forum: The Pacific: General Aviation & Questions
11th Jul 2017, 06:11
Replies: 191
Views: 98,202
Posted By chance

Meeting finally called by Pilot Partners to wind...

Meeting finally called by Pilot Partners to wind up the company after the Yank DOCA came to nothing. Pilot Partners are trying sue the Chinese whose Aussie company is in liquidation and their...
Forum: The Pacific: General Aviation & Questions
28th May 2017, 05:29
Replies: 191
Views: 98,202
Posted By chance

The Auction of Aircraft (10), Flight Simulators,...

The Auction of Aircraft (10), Flight Simulators, Maintenance, Office Equipment is the be held by Grayonline on Monday 5th June and Tuesday 6th June from 9-3 at the RQAC Buildings.
Also referred to...
Forum: The Pacific: General Aviation & Questions
21st Apr 2017, 05:02
Replies: 191
Views: 98,202
Posted By chance

Creditors meeting held on the 20th April. The...

Creditors meeting held on the 20th April. The Chinese have walked away and did not settle the $3M, having plunged in circa $1.4M to date which was not refundable (probably all gone anyway)....
Forum: The Pacific: General Aviation & Questions
8th Apr 2017, 01:33
Replies: 191
Views: 98,202
Posted By chance

The $3M payment was not made by 31 st March. A...

The $3M payment was not made by 31 st March. A new payment date extension has apparently been set at 19 April 2017. The Purchasers are apparently OS (HK ?) trying to secure the funds.
Archerfield...
Forum: The Pacific: General Aviation & Questions
24th Mar 2017, 01:51
Replies: 191
Views: 98,202
Posted By chance

The creditors meeting on 13 March approved a new...

The creditors meeting on 13 March approved a new sales and purchasing agreement. The Purchaser has paid in an additional $ 560K (non refundable) making a total so far of about $1.4M (non refundable)...
Forum: The Pacific: General Aviation & Questions
22nd Feb 2017, 01:56
Replies: 191
Views: 98,202
Posted By chance

:sad:The powers that be are having posts of the...

:sad:The powers that be are having posts of the facts taken down.
The facts were in a "notice to creditors" sent to members of RQAC and are therefore not "in confidence". Nor are they rumours.
The...
Forum: The Pacific: General Aviation & Questions
28th Oct 2016, 21:45
Replies: 191
Views: 98,202
Posted By chance

jas24zzk, I am sure we are all clear on what the...

jas24zzk, I am sure we are all clear on what the Administrators are supposed to do. However the tarmac rumors at YBAF indicate that subsequent to the DOCA being executed back some months ago, the...
Forum: The Pacific: General Aviation & Questions
27th Oct 2016, 23:56
Replies: 191
Views: 98,202
Posted By chance

I wonder why the potential new owners of the...

I wonder why the potential new owners of the RQAC Group, particular the AAA part would want to pay out the creditors. What is in it for them ?
Why would they not just buy the key assets of AAA...
Forum: The Pacific: General Aviation & Questions
15th Sep 2016, 10:27
Replies: 191
Views: 98,202
Posted By chance

The DOCA 6 months is up on the 21st September. ...

The DOCA 6 months is up on the 21st September. If the proposer don't stump up the money then the DOCA falls over and it will most likely be a liquidation scenario. If the $$$ are stumped the...
Forum: The Pacific: General Aviation & Questions
2nd Jun 2016, 08:27
Replies: 191
Views: 98,202
Posted By chance

Shame indeed. The DOCA is Plan A - the...

Shame indeed.
The DOCA is Plan A - the preferred Creditors get their money and the unsecured maybe 50%.
Plan B - Liquidation - Preferred Creditors maybe 50%, unsecured zero.
So as hard as it is...
Forum: The Pacific: General Aviation & Questions
2nd Jun 2016, 04:07
Replies: 191
Views: 98,202
Posted By chance

The Deed of Company Arrangement and a separate...

The Deed of Company Arrangement and a separate Sale and Purchasing Agreement was signed in the last week of May.


Time frame is somewhere between 3 and 6 months to complete the DOCA
Purchaser is...
Forum: The Pacific: General Aviation & Questions
30th May 2016, 22:25
Replies: 191
Views: 98,202
Posted By chance

Preferred creditors such as employees will be...

Preferred creditors such as employees will be paid first - when the funds are there via the DOCA with the new owners or if the DOCA falls over out of the liquidated assets, and that will not be a...
Forum: The Pacific: General Aviation & Questions
30th May 2016, 08:10
Replies: 191
Views: 98,202
Posted By chance

Zanthrus: Desist from your emotions to throw...

Zanthrus: Desist from your emotions to throw bricks. Not very rational.
I tried to explain the process. Yes it is painful and slow because of ambit creditors : not limited to just GU -a...
Forum: The Pacific: General Aviation & Questions
30th May 2016, 05:06
Replies: 191
Views: 98,202
Posted By chance

The new owners don't pay the creditors, that is...

The new owners don't pay the creditors, that is the job of the Company Administrator who for the record is Mr Nigel Markey of Pilot Partners, 1 Eagle Street, Brisbane Tel: 3023 1300.
I suggest...
Forum: The Pacific: General Aviation & Questions
27th May 2016, 05:39
Replies: 191
Views: 98,202
Posted By chance

Smile RQAC members only forum next Tuesday at 7.00pm at...

RQAC members only forum next Tuesday at 7.00pm at the Clubhouse to give an update on the Deed of Company Arrangement processes with the purchaser, discuss future service to members and a Q & A...
Forum: The Pacific: General Aviation & Questions
20th May 2016, 20:56
Replies: 191
Views: 98,202
Posted By chance

The RQAC Group will be back in business with a...

The RQAC Group will be back in business with a well resourced operation. There will no doubt be some students who will come back given the grumbles around the field, about how they are being...
Forum: The Pacific: General Aviation & Questions
16th May 2016, 00:55
Replies: 191
Views: 98,202
Posted By chance

Wink GA regulated by other than CASA? Seriously! ...

GA regulated by other than CASA? Seriously!
The Chinese viewed the books and creditors prior to submitting the Deed of Company Arrangement. How else would they have worked out what to bid....
Forum: The Pacific: General Aviation & Questions
11th May 2016, 22:24
Replies: 191
Views: 98,202
Posted By chance

Thumbs down Crunch time for the Deed of Company Arrangement...

Crunch time for the Deed of Company Arrangement is coming up on Thursday 19th May. No staff have been paid anything yet. If the Chinese don't pay up its liquidation unfortunately.


Another Vet...
Forum: The Pacific: General Aviation & Questions
28th Apr 2016, 21:24
Replies: 191
Views: 98,202
Posted By chance

Wink The ownership details and what will happen and be...

The ownership details and what will happen and be offered in the future will no doubt be in the Deed of Company Arrangement.
Some previous staff may not be offered jobs back there and the GU...
Forum: The Pacific: General Aviation & Questions
28th Apr 2016, 05:41
Replies: 191
Views: 98,202
Posted By chance

Word around Archerfield is that the Creditors...

Word around Archerfield is that the Creditors approved the Deed of Company Arrangement today. So pending the new company paying the specified amounts , RQAC will be back in business soon.:)
Forum: The Pacific: General Aviation & Questions
23rd Apr 2016, 02:02
Replies: 191
Views: 98,202
Posted By chance

Smile I understand that the Creditors meeting is...

I understand that the Creditors meeting is Thursday 28th April.
The Deed of Company Arrangement apparently gives the creditors the best chance of maximising a return and returning the entity to...
Forum: The Pacific: General Aviation & Questions
9th Apr 2016, 00:13
Replies: 191
Views: 98,202
Posted By chance

Word from those who attended the first creditors...

Word from those who attended the first creditors meeting on Thursday 7 th April,the books are not that bad if a Deed of Company Arrangement can be entered into with a buyer. Seems the issue was a...
Forum: The Pacific: General Aviation & Questions
8th Apr 2016, 21:37
Replies: 191
Views: 98,202
Posted By chance

Wink Rumour mill suggest the following parties are...

Rumour mill suggest the following parties are "sniffing" around to look at AAA and/or ATAE:


Airways Aviation (currently at the Gold Coast, but a big international group)
Air Gold Coast...
Forum: The Pacific: General Aviation & Questions
30th Mar 2016, 10:13
Replies: 191
Views: 98,202
Posted By chance

Angry hiwaytohell. Touche. A great business...

hiwaytohell.


Touche. A great business gone west due to too much focus on AAA by an incompetent self-serving and self indulgent senior management and a Board who were asleep at the wheel or...
Forum: The Pacific: General Aviation & Questions
29th Mar 2016, 05:13
Replies: 191
Views: 98,202
Posted By chance

Angry Sorry to have to say it flygirl but one would...

Sorry to have to say it flygirl but one would have to think that Aviation Australian would be the most obvious choice to pick up ATAE or at least the contract places the Qld Govt funds if the...
Forum: The Pacific: General Aviation & Questions
27th Mar 2016, 22:25
Replies: 191
Views: 98,202
Posted By chance

As a fromer member of RQAC in it heyday it was a...

As a fromer member of RQAC in it heyday it was a great meeting place for the whole of Archerfield. Private Pilots were enthusiastic, the bar was packed and there were lots of flyaways and...
Forum: The Pacific: General Aviation & Questions
26th Mar 2016, 21:11
Replies: 191
Views: 98,202
Posted By chance

The Feds made Vet Fee Help retrospective because...

The Feds made Vet Fee Help retrospective because they got burnt in other area as well as aviation, so having to carry three months trading before you get paid is an issue for all flying organisations...
Forum: The Pacific: General Aviation & Questions
25th Mar 2016, 03:05
Replies: 191
Views: 98,202
Posted By chance

Megle 2 is correct. The VA means the RQAC...

Megle 2 is correct. The VA means the RQAC contract is finished. GU will have to transfer the cadets to Basair, who initially will no doubt welcome the increase in numbers but down the track it will...
Forum: The Pacific: General Aviation & Questions
24th Mar 2016, 20:34
Replies: 191
Views: 98,202
Posted By chance

Unhappy A very sad day indeed. There will be many...

A very sad day indeed. There will be many internal and external factors behind it. Internally senior management have wasted the cash on fantasies and the Board of Directors don't seem to have been...
Showing results 1 to 31 of 31


 
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