EUjet Valuable AOC
Synopsis from a regional newspaper:
Accountant John McStay has been appointed by the Dublin High Court as Examiner to EU Jetops Ltd in an effort to rescue the business.
.....in order for EU Jetops to survive, the company would have to relocate all its operations back to Shannon.....scale back on staff....recommence leasing aircraft... with the aim of securing 44 core jobs in the company.
The company still holds a valuable Airline Operating Certificate and one of the options available to the company is to find a new investor that owns aircraft and needs an Irish certificate.
€6.2m would be refunded to customers who paid by credit card....but cash-paying customers would not be receiving any refund, the High Court has heard.