Press release from the administrators:
Jane Moriarty and Myles Halley from KPMG LLP were today appointed administrators to Flightline Limited. The company, which is based at Southend Airport, operates in the whole aircraft charter and ACMI (aircraft, crew, maintenance and insurance) market.
Following the appointment of the administrators, the company’s Air Operating Certificate was suspended by the Civil Aviation Authority, and the company has ceased trading. 235 staff have today made redundant, however, a small number of employees remain to work alongside the administrators.
Jane Moriarty commented: “We are now undergoing an orderly wind down of business, with the aim of realising the value of any of the remaining assets for the benefit of creditors.”