PPRuNe Forums - View Single Post - CAA owning shares in companies they regulate
Old 20th Sep 2023, 23:01
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OvertHawk
 
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Originally Posted by AvionicsHippo
This post has been up for a couple of days, and I am curious by the lack of engagement. I suppose as an industry we are resigned to the fact that airlines go bust suddenly and we accept it.

What I am a bit more surprised about is that no one thinks it's a problem for the CAA to own shares in a company that it regulates. Even if the CAA had no choice, because Monarch Aircraft Engineering Ltd ran out of engine oil etc, it is an extreme measure for CAA officials to become shareholders.

By lack of engagement do you mean nobody is telling you what you want to hear?

An extreme measure perhaps...?

But maybe a necessary one?

What's your alternative suggestion???

Who should be in charge instead?

I'm really sorry you've been screwed but that's the reality of bankruptcy.

If, as you earlier suggested, your company had entered into consultancy with its employees earlier then that would simply have resulted in it going bankrupt earlier. If a company is not still fighting to trade then it will fail.

I type this as someone who's been made redundant twice and been stitched with statutory minimum on both those occasions. But i accept the reality of those situations even if i don't like it.

I hope you find something else soon.

OH



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