PPRuNe Forums - View Single Post - Blink 3 Mustangs up for sale . . .
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Old 23rd Jun 2010, 13:26
  #20 (permalink)  
cldrvr
 
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Midgeon, nobody here is questioning the integrity nor professionalism of the crew at Blink. This is a rumour network and when an operator decides out of the blue to sell half its fleet when Sterling has lost close to 1/3 in value at the bottom of the market when used prices have fallen sharply for a long time now and when there is hardly any demand for used jets, questions do get asked and rightfully so. Blink's accounts showed barely half a million in the bank in the last published annual accounts and now it is selling close to half its fleet, if a company like eJ or BA would do that, it would be front page news worldwide.

Couple that with the fact that the 3 aircraft for sale have barely flown since they were re-registered back in December showing a very low utilisation of the companies' prime assets, some of us do question the longevity of this company.

Now all of these are facts in the public domain, and neither you nor highflight have given any reasons why a company would decide to sell half its fleet and how a company can fly so little on each airframe and expect to survive.
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