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Old 20th Nov 2004, 13:28
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Happyeater
 
Join Date: Jun 2004
Location: Newcastle upon Tyne
Posts: 155
Newcastle Aero Club

All aircraft grounded today due to large debts built up over the past two years or so. At a recent AGM nothing was really agreed and now the planes are not being allowed to fly. Unless a package is agreed at the next re-scheduled AGM on the 9th December, it could be the end of the Club.

I really feel for the people who's living is reliant on the Club and can only hope that an agreement is imminent. I do understand that there is a meeting on Monday between the Club solicitor, committee and the main creditors. Unless the income stream keeps going through lessons, I fear for the Newcastle Aero Club. Fingers crossed that the planes can fly until the AGM after Mondays meeting.
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