It is indeed sad but .. as was said many moons ago .. the writing
was on the wall:
Originally posted by Savoia on 23rd April 2011
As mentioned on another thread where this was initially reported, the writing was on the wall for a number of City financiers familiar with Davies' operations.
By all counts PremiAir's operations are, on the whole, commendable - even admirable, and Heli01's 'face-saving' comments in their support (via the information of his 'contact') are therefore understandable.
To suggest however that the collapse of PremiAir's sister company will have zero impact on their operations either now or in the future is perhaps optimistic. My understanding was that Von Essen hotels part-funded the initial acquisition of PremiAir?
We shall see what transpires.
This would however be a good time for the boys at Starspeed to focus their efforts in preparedness for 'catching' any business which might emerge from the current uncertainties - that's how the business world survives!
See:
http://www.pprune.org/rotorheads/449...istration.html