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Old 14th Jan 2020, 21:33
  #480 (permalink)  
Albert Hall
 
Join Date: Mar 2004
Location: Dorset
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The E170 isn't new - it's the same one they had before that's been in Naples for more than a year as apparently they tried and tried to get it into the specific condition to give it back to its owner.

The latest stuff filed at Companies House is interesting though. Both bits of Eastern made losses last year but I guess that's not too relevant as it was before the buy-out from Bristow and the lump of cash that came with it. More interesting are the filings before Christmas when the five Embraer 135s and 145s were pledged as security for a loan made into Eastern in October by a company which looks to be the private holding vehicle of Eastern's owner - so if the loan isn't repaid, guess what happens to the aircraft! If the entire lump of cash from Bristow was gone by October and they needed more money, things must be difficult?
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