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Old 28th Aug 2010, 10:47
  #1706 (permalink)  
liffy2A
 
Join Date: Jun 2005
Location: UAE
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MAN fueling rumour is crap!, Also the delay on the flight on Tursday night out of LCY had nothing to do with finance, it was performance related. They owe money to an Irish bank AIB,the DAA which operate DUB ORK and SNN,IAA and the Irish revenue. AIB have been quoted as saying they will give them a 1 million over draft to get the through examinership. They have been very selective on who they are defaulting on payment with( The Irish goverment). No planes have been blocked in at any airport ot refuelling being denied. Notone flight has been cancelled or delayed because of this even the non profitable ones. Reports say they are expected to get payment for the Irish PSO's for the month to of believe it or not the Irish goverment. It sounds like there will be a cull in jobs, aircraft and PSO routes from my point of view with only the profitable parts remaining. Interesting times ahead,in examinership they will survive at least for 70-100 days after the 8 of Sept. I think after this period they will close and reopen under a different name or a complete takeover will happen.
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