Take it from me, who is a guy who used to finance and repo such flying machines and equipment .....every plane and I mean every plane, would be now back under my control or if wholly owned, under the administrators control. Remember the banks may hold debentures over all assets not specifically financed. Yes, present legislation is mean't to protect the business and maintain it as a going concern, but if no cash is available to run it, there can only be one outcome.
Purchasers come forward please..there is a deal to be done that is the clear message!
I've been around since the Laker debacle and seen it all before. Infact I'm glad to be out of the game now.
Get your rose coloured specs off...the longer there is no flying, a break up/sell off situation becomes a stronger eventuality..don't be mislead by odd maintenance flights to keep the fleet airworthy.
Last edited by IB4138; 13th May 2006 at 07:01.