PPRuNe Forums - View Single Post - Astraeus are no more?
View Single Post
Old 6th Dec 2011, 12:21
  #149 (permalink)  
aztruck
 
Join Date: Aug 1999
Location: uk
Posts: 247
Likes: 0
Received 0 Likes on 0 Posts
My understanding is that the contract company themselves have not been paid. Just about everyone is a month in arrears, permanent folk as well. Notice period is a forlorm pipe dream I fear. Although its a lot of money, it pales in comparison to the other creditors, who will be at the front of the queue for the scraps.
Big piece in the Danish papers about pax left in the lurch by the cancellation of New York services. Astraeus (owned by ICEX owner and front for his ticket sales) is liable under EU law I believe.
Being bust is very unfortunate for those poor folk who booked in good faith.
One or two journos are starting to dig deeper. One hopes they continue to do so.
Mr Palmi Haraldsson has a complex set of business arrangements to say the least.
aztruck is offline