PPRuNe Forums - View Single Post - CAA owning shares in companies they regulate
Old 23rd Oct 2023, 19:52
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AvionicsHippo
 
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Originally Posted by 70 Mustang
in the States and a few years ago, the three airlines I was working at, which shut down, were very simple and clean cut events. We were notified that they were shut down and our last regular paycheck that we had received before the day they shut down was all we got. The last one was in Denver, during a through stop, supposed to go to Atlanta, I think it was. Went in to get the paperwork and was told to wait. Within about an hour, details a little fuzzy since this was Oct ‘95, we ended up going back to the aircraft, getting our flight bags and headsets, shut it all down and closed the doors.

we then teamed up and removed all pilot flight bags from the crew room since we suspected the doors would be locked and no further access would be allowed. It was a sobering experience. One individual lost control and began throwing computers and other office gear against the walls to destroy as much as he could as a sort of revenge for his sudden unemployment. He was soon stopped. I was one of the ones carrying bags out, including my own. Due to the ‘assembly line’ method used, I was soon downstairs feeding the bags onto trollies that others were going to take out to their cars and then to a house to enable the absent pilots to pick them up later.

we sat at home for a few days waiting to hear if there would be some resurrection, (it had been operating under chapter 11 for quite some time. Had shut down once before for a few days, but started up again) but it’s been 28 years to the month now. I still dream about it starting up again, (typical useless emotional attachment), since it was the airline that I upgraded to captain on the B737 and very enjoyable company to work at.

‘Home economics’ forced me to focus on replacing the job as soon as possible and I made no effort to pursue any further legal recourse. I couldn’t afford the shoes required to chase them.

my father had been a manager in the trucking industry and advised us to not expect anything from such a pursuit.

trickle down economics at work. Those higher up the ladder grab whatever money might be flowing downhill and it never seems to get very far down that ladder.
I think your father is right, chasing after moneys owed from those higher up the ladder seldom works. As employees we were caught up in a business dispute between Boeing and Greybull, and we will never win.

Ultimately the business arrangements between the companies and the dispute over financing aircraft purchases and potential sale of MAEL to Boeing, turned out to be a squabble over who would pay our notice period and redundancy. I am not naive, I expect to be screwed over by companies like Greybull when business deals with Boeing don't pan out. What I don't expect is for the UK CAA to facilitate deception and the screwing over of employees.

I ask the question, why did the CAA allow Thomas Cook to sell their line maintenance engineering to Monarch Aircraft Engineering Ltd in June 2018, knowing that the CAA was owed £53 million in repatriation flight debts, and that those debts were linked to Monarch Aircraft Engineering Ltd? The debts linked between the Monarch group companies would later bankrupt MAEL in December 2018. Why were employees lied to about the true nature of MAEL's finances during transfers of employment in June 2018? Why were employees not told about the CAA's financial involvement in business deals?

I totally understand that this is the way the world works when it comes to business going into administration. I just ask why the CAA have to make it easier for businesses to behave like this by becoming shareholders.

Last edited by AvionicsHippo; 23rd Oct 2023 at 21:18.
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