I hope the employment search is showing some hope.
My family friend / advisor is watching this with interest.
His view is that PGS is likely to make a very low offer for the assets of EAAC on the basis of the outcome of the Creditor's Agreement. This would be done by European Skybus Ltd - the company that owns the 747s and one 737 (GPFI).
If he succeeded in doing so then PGS will have managed to shed the debt of EAAC and able to start again through European Skybus with an almost-clean sheet of paper.
It may be legal but I personally consider this immoral to say the least. An airline with no debts could then start to prop up the F1 team again.......
Why are all of those owed money continuing to put up with this charade and accept a settlement of 6p in the £ - which is less than you would probably get under a liquidation.
I know this may be hard for those still employed at EAAC but I don't think we should act like a bunch of sheep allowing the wool be pulled over our eyes.