Executive Turbine gone under?

[nyathi]

Just got a rumour that Executive Turbine at Lanseria Intl Airport in Johannesburg South Africa has gone belly up.

Anybody got more news on this?

I hope not!

[Putcodrvr]

And Solenta gains more!

[surely not]

I thought ET was rescued many years ago? Didn't the kids with bikes take him back to his spaceship?

[4HolerPoler]

Can we get this topic on track or will it continue to be the fly-trap that it's been over the past few days? RTFT.

4HP

[ilaviation]

I’ve just read on Google that the following Executive Turbine Companies are in the process of being liquidated

Executive Turbine Airframe Maintenance (Pty) Ltd
Executive Turbine Engine Shop (Pty)Ltd
Executive Turbine Holdings (Pty)Ltd
Executive Turbine Aircraft Management Services (Pty)Ltd

[Reebs]

ET going bust

Very interesting illviation.... Were did you get this in PPrune?

Interested because I fly for ET on contracts and get paid....maybe you know more than I do. I would be keen to know!

[ilaviation]

Reebs,

Check out this link

http://www.greengazette.co.za/pages/...20A,%20120.pdf

All the companies listed are in the process of liquidation.

[Fuzzy Lager]

Its in the Government Gazette Reebs. Its not a rumour, those entities are liquidated.

[bushbug]

Try Government Gazette 32569 dated 18 September 2009. Return date 6 October 2009

[lambert]

Just Google "Executive Turbine Holdings (Pty) Ltd in liquidation" and all will be revealed. The Staatskoerant of the 18 September 2009 appears in the Greengazette. ET Airframe Maintenance and Engine Shop also appear.

Surely ET management has told its employees? Can't really see the contracts and charter divisions carrying on with the holdings company in liquidation?

[Jangys]

That is very interesting.

Executive Turbine Aviation (Pty) Ltd still going strong. Just a closure of the dormant non-profitable companies.

Nothing to Rumour about........

[WhinerLiner]

Ok, so the creditors in those 4 entities get nothing and ET continues under the banner of one of the 'group' companies that isn't insolvent yet?

Thats about right for BL. How honourable.

[sslut]

Somewhere, someday, someone is going to return the favour BL. I hope I get to see your face when it happens. What you did to your crew, (oh sorry - you didn't, your puppets did) is despicable and deserves the return coming with interest. Hope you sleep well at night if you have a conscience. Please feel free to respond directly to me should you feel upset about this. Still waiting for my letter of apology you know

[Cardinal Puff]

Still using blatant BS as a legitimate business tool, are they...?

[Whenwe]

Gosh!!
The last time I read this kind of postings it was referenced to VB at Nationwide. What goes round comes round. Good luck!

[flatdog54]

Four down, how many more to go? who/what is next? Is BL bailing out of SA?
Does he even care about crew? guess not, my 2 month with BL were worse than 4 months Afghanistan. I am glad I am out. At least here I know that the bad guys are not among us.

[theBOSS]

gautengflydreamer and slut must be happy chappies now!!!

lets bring out some bubbly!!!

[sslut]

OMG - theBOSS actually not flaming me!!! This calls for Tequila - I'll supply, you name the place Maybe you also saw the truth behind the smoke and mirrors.

[theBOSS]

Slut, the "bubbly" part of my post was meant to have a hint of sarcasm.

What smoke .....ure talking about?

[gautengflyboy]

Life's too short for grudges. Hope the 8's are treating you well.