PPRuNe Forums - View Single Post - European Aviation Problems (Merged)
View Single Post
Old 19th March 2004 | 08:40
  #209 (permalink)  
Eurekadelta
 
Joined: Nov 2001
Posts: 59
Likes: 0
From: LGW
Liquidator

Brandy - there is no liquidator, as the company is not being liquidated - it is still a going concern.

European are performing a sort of DIY Chapter 11 - where they are cutting all possible costs and renegotiating all contracts, in order to stay afloat.

The only major difference being that actually being in administration also comes with some protection from Creditors - something European currently do not have.

I hope you guys get your money (I didn't when British World went under) soon!

Good luck to you all!
Eurekadelta is offline