Hi All
Thought a few words of clarity might help:
Not yet sold, yes there is interest but not as a going concern. Our MBO failed not through lack of commitment or sound finance. It was a good plan but we got sidelined by bigger money and perceived bank disinterest in us. (How come they couldn't stop what was going on sindrome!)
Yes we were all owed variously considerable sums and no there was not such a huge trading deficit as quoted. The total a/c value is only what someone will pay but is reckoned to be reasonable at £12m
Only 5 pilots have found jobs including another one today thank goodness and I start next Wed. Ops have all found jobs but only a few of the admin and Eng staff have.
All this heartache for the crass incompetent management and greed of the owner.
GAMA have only taken over the rental of the offices from TAG
Still bitter for all the waste of good people, a classic in how not to manage.