In a last-ditch attempt to move the thread back closer to its title and away from the level of eulogising that seems to be spreading like wildfire, latest update is as follows:
747 flightplanned to move from Bournemouth to Manston later today. Does anyone know why as this is a strange move.
737 operating as normal ex BOH again - flying BOH-Jersey-Tenerife with a planned tech-stop at Santiago de Compostela.
There will apparently be an announcement later today about restructuring and the future at EAC. There are a number of suggestions that it will enter into a Creditor's Voluntary Agreement, which basically is an agreed path of action with those owed money. The risk of this is that it is not legally binding and because it's a voluntary agreement, there's nothing to stop any creditor deciding that they don't want to play ball. This sort of arrangement has pluses and minuses and it would be unreasonable to try to pre-judge the actions of any individual or group of creditors.
The issues at European are now also having an unfortunate effect on other companies, with the engineers at LGW being asked to go onto half-pay as a result of no 747 flying from LGW.