PPRuNe Forums - View Single Post - European Flyers at Blackbushe have gone bust
Old 10th Oct 2001, 23:58
  #24 (permalink)  
Stlaffin
 
Join Date: Jul 2001
Location: UK
Posts: 3
Likes: 0
Received 0 Likes on 0 Posts
Exclamation

It appears European Flyers owns both GSONY, the A200D, and GDAKK, the DC3. This may explain why the company is in financial difficulties. All their aircraft are supposedly for sale at Anglo in Bournemouth. Before anybody gets too excited there are 16 mortgages on their 10 planes, plus 6 memorandum of variations (increased mortgages?) and 1 mortgage debenture. The last set of accounts (1999) shows £217,000 debt and £139,000 creditors. How many Euroshare memebers does that creditor number imply?

I suggest any creditors get their claims in quickly.
Stlaffin is offline