Originally Posted by
racedo
Response is correct without any futher information.
In the case of the 2 German companies it appears one (that aware of|) has cash in the bank, is profitable and will continue to trade. The Administrators will want that to continue because there is value that can be obtained by selling a part of the business that is profitable.
In the case of some companies just before the company goes bust they will seek to have ALL cash transferred to the parent company from the subsidaries before this happens. A subsidary that is clever enough will refuse to do it and wait it out as the parent goes bust and new bosses (i.e administrators) take over.
I don't think it is not so much about being clever, but about one's legal position. Because of the problems TC was facing, Condor most likely terminated the profit transfer agreement a while ago with cause as TC was no longer in a position to honour its part of the agreement.
Originally Posted by
Sanger
My folks are in Cuba, the CAA have updated the flight code MT2817 to 5K2817 but what airline is this?
As Google suggests, HiFly, the Portugese specialist operator for ACMI-leases and and ad hoc charters.