PPRuNe Forums - View Single Post - Sterling, Iceland, Astraeus and interesting times
Old 1st Nov 2008, 21:04
  #18 (permalink)  
exeng
Mistrust in Management
 
Join Date: Mar 2000
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Queenvic,

At the moment it is unlikely that Astraeus will go bust as the airline changed its business model completely some months back.

The Astraeus business model is now focused on ACMI operations rather than flying charter operations as it had done since its inception.

The overheads associated with ACMI are much reduced (like no fuel bills for instance) and it is easier to make a more realistic financial business plan.

Astraeus is managed in a very efficient manner still further reducing overheads.

Finally the company has substantial financial backing.


Regards
Exeng
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