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Old 22nd October 2003 | 20:45
  #76 (permalink)  
It SHOULD be pink
 
Joined: Oct 2003
Posts: 2
Likes: 0
From: uk
Mr. Wyatt

If Mr. Wyatt was a resectable business man, he would repair the damage done by this criminal Mr. Micallef, his partner. Regretably, it appears the Mr. Wyatt is an equal criminal.

It's sad that such people, people who have wealth and means, must use it to the disadvantage of others who have to work hard and use their hard-earned savings to try to get ahead, only to be taken and then have to suffer.

Worse, is the fact that these people exploit the governments of these "Third World" countries where the laws which apply to them in their own countries (USA & EU) can not be used to portect their innocent victims.

What is worse, is that these criminals will inflict themselves on other pilots. I only hope that the old adage, "what goes...comes!" is reallytrue, and that people like Wyatt and Micallef one day have this happen to them.


BTW...I think some airlines would be interestted to know that another of Mr. Wyatt's companies is in the aircraft leasing business.




http://www.forbes.com/global/2003/0609/026.html

"...The trick is finding financing to carry your inventory. Lenders like GE Commercial Finance and commercial banks that specialize in aviation financing shiver at the thought of accepting used aircraft 15 to 20 years old as collateral. Stuart Peebles quit his job as president of US Airways Leasing and Sales one year ago and bought 90 737s, MD-80s and DC-9s after Texas businessmen

Oscar Wyatt

and Douglas Jaffe backed him with $100 million. Peebles now runs Jetran International, a company with a parts warehouse in Miami the size of two football fields and a team of engineers, pilots and mechanics in Romania. Five years ago 737-200s sold for $5.5 million, $4 million more than today's prices. "The buyers look at these and say, 'This aircraft is going to last me maybe five years, and at that price, this is a good deal,'" Peebles says. .."
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