PPRuNe Forums - View Single Post - Cabair gone bust?
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Old 8th Apr 2009, 08:34
  #18 (permalink)  
L'aviateur
 
Join Date: Jul 2006
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As an assumption/possibility; as is occurring in businesses worldwide, Cabair may have deferred a payment to a supplier or similar resulting in the actions witnessed. It is not a realistic indication of the sustainability of the business, as it can occur for a number of reasons.

When it starts happening regularly with many different suppliers, then that is a good indication of cash flow problems.

I know in the company I work for, at certain times we push suppliers to their limits in terms of payments.

The fact that the aircraft with Cabair are flying the next day, is an indication that whatever situation occurred was resolved quickly.

The information in this thread may be useful to people, in that it reminds them to use a little caution and follow the advice regularly imparted by those experienced in the industry to 'Not pay up front' or at least if you do, pay smaller amounts as you go. But this goes for any FTO, or to that matter any business you deal with in the current climate.

It would be irresponsible censorship to delete this thread on a 'Rumour' Forum, but maybe a change of title would be sensible.
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