TSI - are you joking? Any Company in administration are having corporate / trading difficulties. Now, I would like your clarification on a couple of points:
1. What would a Cathay pilot know about the internal goings on of TAAE ?
2. What evidence do you have to support the claim that TAAE is "in good shape" ?
3. EBA negotiations never stalled at TAAE, they are still on-going!
4. Three (3) pilots, at present, have joined Virgin. Why have you stated five (5) pilots?
D_Concorde - when you say "fact is they owe many millions of dollars". Whom do TAAE owe this money to ?
The "one man band", who you claim, is owed $50K - is that you?
the only reason they are operating is because while under administration they don't have to pay any past debts.
Not true, the only reason we are operating is because the administrator is paying the bills. Chapter 11 rules do not apply here in Oz.