Just as a final word on EUJet.
In my simplistic understanding of the business ACMI is money for old rope. EUJet spent the majority of 2003 and 2004 flying some lucrative ACMI contracts throughout Europe. They should have started at MSE with pockets full of money. The whole of last summer saw EUJet struggling to run the very simple scehdule imposed by their contractors. V Bird was a straightforward schedule. The contract for the Milan operation was so poorly written that Milan and Naples were considered to be the same base! The contracts with Air France, Air Luxor and German Wings could have been extended. Indeed I think it would be fair to say that EUJet were partially responsible for driving Volare and V Bird out of business with their appaling record. With a history like this, it does beg the question, why did Planestation invest in them. Due diligence is surely a prerequisite of any business venture. Mr McGoldrick's dubious history, as detailed in the Telegraph, and the airline's inability to operate throughout the previous summer should have given Planestation food for thought before they invested their shareholder's money in such a dodgy enterprise.