PPRuNe Forums - View Single Post - AeroTropics Ceases Operations
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Old 13th Oct 2008, 09:32
  #54 (permalink)  
werbil
 
Join Date: Feb 2007
Location: Darwin, Australia
Age: 53
Posts: 424
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HMMMM Not Strange

Socket,

An application to wind up a company is usually made by a creditor chasing $$$$. This is what occurred over a month ago - it is not a decision by the company to close up.

Appointment of an administrator occurred on the 11th of this month, over a week after the second suspension. This is sign of problems.

I don't know of many private companies that have the capital behind them to keep operating for any period with no income and the high standing costs of aviation.

W
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