I don't think you need worry about a committee at the aeroclub again. Indeed the aeroclub as it was will cease to exist.
I am informed that nobody has approached the administrators suggesting a rescue package under option 1. One reason being that they cannot even establish the amount of the debt, such is the mess.
However at least 4 parties have expressed an interest under option 2, to buy the assets, take over the lease and form new companies. I wish them every success.
Last edited by MetOffice; 18th Dec 2004 at 20:46.