Interesting thread. I hope AEU is indeed profitable and able to keep all current employees. AEU´s drag is however its owner, the very same that owned (and sold, bought, sold and bought again, everytime at a higher price) Sterling.
They also own Iceland Express (is AEU getting paid for that flying? or is its profitability used to subsidise IEX losses...).
Word is the owners, whether called Fons, Fengur or Northern Travel Holding may be about to collapse, the Sterling dealings will be subject to investigation as part of the collapse of FL Group/Stodir.
Last edited by oceancrosser; 8th January 2009 at 17:57.