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Old 3rd Dec 2008, 17:49
  #71 (permalink)  
captplaystation
 
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I posted on terms & endearments that it has been reported on ppjn.com that flight crew not paid for 3 months. Another contributor said as far as he knew this was true of Air Slovakia but that SE had paid last month albeit late. You can't really run a company using unpaid salaries as working capital, so I hope the posting on ppjn was just a disgruntled late paid employee rather than an accurate statement of the situation. With this magnitude of loss, cutting and running is not a very sensible long term investment, but picking up the bill will not be too tempting either. A would be a shame to go under now that oil (for however long) has come down to the current level.

I heard a story a while back that they tried to sell out to Ryanair & that the response had predictably been
" nah, we will just wait for you to go bust then move in & take over your business" . I can see no earthly reason for a softening of that attitude, quite the contrary.
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