PPRuNe Forums - View Single Post - Heavylift Engineering RIP ?? (merged)
View Single Post
Old 13th Sep 2002, 14:36
  #2 (permalink)  
newswatcher
 
Join Date: Jun 2001
Location: southern england
Posts: 1,650
Likes: 0
Received 0 Likes on 0 Posts
Thumbs down

From the Southend Evening Echo(10/9):

"Aviation workers have become the latest victims of the September 11 attacks after losing their jobs at crisis-hit maintenance company Heavylift Aircraft Engineering.

The Southend Airport-based aircraft maintenance firm, which has been badly hit by the collapse of the air transport industry that followed last year's terror attacks, went into administration late on Friday.

The administrators immediately made 24 people redundant, but are now engaged in discussions with clients and potential buyers in the hope of maintaining the company as a going concern and preserving the jobs of the remaining 34 workers.

Administrator Rod Weston of Deloitte and Touche said: "Like a lot of aviation businesses, Heavylift Aircraft Engineering has been effected by the downturn in the market that followed September 11. People are not flying at the moment, and as a result there aren't that many planes being repaired.

"Our plan is to really try and rescue the business and sell it as a going concern, but we have only just arrived, so it is too early to say what the chances of that are."

The staff who lost their jobs will not receive redundancy payments from the cash-strapped company, although the administrators insist they will receive statutory redundancy payments from the Government."
newswatcher is offline