BWA Unanswered Questions
The last topic was closed last night leaving some questions unanswered.
In response to The Guvnors last post - BWA Plc are in Receivership. The Receivers are Kroll Buchler Phillips of Grosvenor Sq London.
The only owned assets are a couple of BAC 1-11 500 aircraft, spare engines and rotable / consumable spares. All the other assets are leased to BAe Tombo Aviation and Babcock & Brown
There are 2 ATR-72 aircraft sub leased to Citiflier and I presume ATR Asset Maangement originally provided the finance and will take over the lease.
I understand World Aviation Support will continue as a separate viable business though I would reckon there may be some questions asked over transfer of assets between BWA and WAS.
Good luck to WAS and Astraeus - so long as some former BWA jobs are saved....