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Eujet cease operations/Manston(Merged)

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Old 26th Jul 2005, 20:55
  #81 (permalink)  
 
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All the EUjet Fokker 100s (well at least 5) have been flown to Dinard this afternoon. Anybody know why? Is it just cheap parking there or something?
EUJet A/C were maintained there by TAT Industry, Debis Air , the Owner probably wants them ready as soon as possible for another lease.
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Old 26th Jul 2005, 20:58
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Angel

I feel so sorry for all the people connected with Manston who are tonight wondering about new jobs and money etc.
The Isle of Thanet is Job challenged at the best of times and the airport was (IS I hope) saviour to many.
Whilst all this is going on there is a lot of speculation as to who may be interested in taking over Manston. Would you.??
Lydd and Manston have both tried (Good on them for that) but they can't beat Mother Geography.
Hope you people out there get back to work soon.
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Old 26th Jul 2005, 21:32
  #83 (permalink)  
 
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Neidin
Your last comment borders libel. I hope the moderator withdraws it. Your continuous lambasting of every Irish airport and airlines that operate to them with the exception of NOC is disingenuous to the people of Ireland and all other air access points. Attempting to bring about the demise of another carrier by such self assured rubbish for self fulfilment in full view of the general public and the press for self serving reasons is a total disgrace. In your own conscience, how would you feel if you were working for this company, providing for your family, and this post appeared, making investors, bankers and potential passengers nervous. Shame on you....and your low-life post, using the demise of one carrier to spread scurillous PR on another! Best of luck to the EU guys and gals....hope you find work soon.
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Old 26th Jul 2005, 22:09
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EGMH is not closed. There are some issues regarding the insurance which will affect flight ops but hopefully these issues are being sorted out and will be done by 0700z tomorrow.

The EUJ aircraft have gone to Dinard because of the maintenance facilities, presume they will be off back to Debis after that.

We are all just waiting for the administrators to decide on the staffing levels required and make the appropriate decisions. Some people will sit tight and hope it floats, other's may make the decision to leave but we are basically waiting on word from the administrator's which will, from their word, come within the next two days.

Very sad that this has happened but hopefully manston will rise under the control of somebody with more knowledge of running an airport (can't be difficult compared to Planestation) and money (see last coment)

We're all keeping our fingers crossed
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Old 26th Jul 2005, 22:48
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EGMH was closed at about 1630 local this afternoon for the rest of the day due to lack of insurances, and hoping to reopen for reduced business tomorrow at 0700.
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Old 26th Jul 2005, 23:16
  #86 (permalink)  
 
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Condolences to all negatively affected by this failure. It came as no suprise to anybody I know professionaly. Its mildly suprising it came in peak season. Perhaps the dark winter months ahead will see more.

This is a crazy business to be in. So much investment, so much effort, so many variables - so little return.

Cheers

WWW
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Old 26th Jul 2005, 23:35
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re credit card bookings

from Irish Examiner

'Mr McGoldrick said last night that customers would be able to recover money paid over for flights from their credit card companies.'


http://www.irishexaminer.com/pport/w...QQ5wn3uAIg.asp
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Old 27th Jul 2005, 03:08
  #88 (permalink)  
 
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I thought McGoldrick sold the show, hence the move fron Shannon to Manston?

Why is he advising customers?
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Old 27th Jul 2005, 05:16
  #89 (permalink)  
 
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I think Mr McGoldrick may be a little off the mark about the credit card customers.
I think your credit card bill for your tickets must be over £100 to be covered, l might be wrong?
Good luck to all.
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Old 27th Jul 2005, 05:30
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Unhappy

Todays report from the Irish Independent:

ABOUT 500 Irish travellers were left stranded across Europe yesterday when EUjet, an Irish-registered airline, collapsed. A further 10,000 Irish customers who pre-booked flights with the airline, which operates on eight routes out of Shannon, will now have to book alternative flights. The closure of the airline will also lead to job losses for 200 staff, 50 of whom are based at Shannon.

Like all new airlines EUjet, which was launched by Irishman PJ McGoldrick last October, was not expected to turn a profit in its first few years. The airline is owned by Planestation which also owned Kent International Airport (KIA), EUjet's UK base. Yesterday Planestation said it has lost the support of its bankers, was closing KIA and was withdrawing its support for EUjet.

Stuart McGoldrick, the airline's operations director, said he and his father PJ had done everything they could to save the airline but they had to accept that it was permanently grounded. He said: "We have spent the past 24 hours working on an alternative deal but I doubt now if you will see the airline's brand flying again. This wasn't about EUjet needing cash to survive. On Monday morning at 9am if you had asked me, I would have said everything was fine, but then at 10am, Planestation got a call from their bankers saying they were withdrawing their support and everything went from there."

In a statement to staff yesterday, PJ McGoldrick conceded that the UK business had performed poorly, but said that traffic at Shannon had "exceeded all expectations".

He said: "As I am sure you can appreciate, marketing a new airline operation from Kent International Airport, which had no recent history of passenger operations, has been difficult. Unfortunately, these circumstances have meant that we have not hit targets set."

My condolences to all the staff involved

S.C.
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Old 27th Jul 2005, 06:08
  #91 (permalink)  
 
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Unhappy Eujet - What PJ had to say

The following was released to KIA staff approx 1610 26th July 2005 - the first bit of information anyone at the coal face received !!

"Staff Announcement

As you are all aware, yesterday Planestation advised that it had encountered a serious difficulty with its bankers. Some weeks ago, Planestation announced that they needed to divest of some property assets to fund the group companies, however, after a delay in a property transaction, thte bankers withdrew their support of the group.

As a consequence, Planestation notified EUjet that it could no honour the agreed funding of the company. Since that time, EUjet management have been in discussions with various third parties regarding its funding requirement.

However, today EUjet were informed that the situation with Planestation has worsened and that it has failed to secure further funds from its bank and it would no longer be able to keep Kent International Airport. As a consequence, it would seek volountary administration for Planestation Group PLC and Kent International Airport.

Under this context the Directors of EUjet can no longer expect any deal with third party organisations to rectify the situation, as without operations from Kent International, EUjet cannot have the expectation to continue with its existing business. Therefore, it is with regret that I must advise you that EUjet has had no alternative but with immediate effect to suspend all airline operations and appoint an administrator in Ireland who will continue discussions with third parties over the purchase of the company and AOC.

With respect to our customers, you should be aware that our policy of not drawing down on funds until passengers have flown means that we have all their money in escrow and passengers will be able to claim a credit from their credit card company. All passengers will be contacted by the commercial team about the cancellation of their flights.

As I am sure you can appreciate, marketing a new airline operation from Kent International Airport, which had no recent history of passenger operations has been difficult. Unfortunately, these circumstances combined with the fact that we have an aircraft out of service for the whole summer, has meant that we have not hit targets set. Whilst EUjets operations from Shannon have exceeded all expectations, the under performance in Kent combined with reduced aircraft availability, a high fuel price, the failure of the Group to develop the cargo business, difficulties encountered with group property transactions and the unexpected withdrawal of banker support resulted in an irresolvable conclusion for the group.

I know this is terrible news for you all, considering the time, effort and passion that all of you have shown in building the business. However I have one final request to make of you all. Namely that you will, like I will, leave with your heads held high about what we achieved with Ejet.


To Highlight just a few points:

-Since September 2004 when we commenced scheduled operations
from Kent and Shannon we have taken circa
450,000 bookings.

-As an organisation, from bottom to top, we worked as
a team to eradicate the problems of weather experienced this winter to being able to boost the best on time record of any airport in the UK in recent months.

-We created a strong brand and customer loyalty which is
testified that consistently we received more complementary
letters than complaints, a boast I am sure that no other air-
line can claim

-The market has expanded and our services attracted customers
from across Kent and South East London.

-We are now hitting our first peak season and the loads on the
leisure flights are high.

Ultimately for reasons outside of our control we will not have an opportunity to build from this base but today I can say that I am proud and honoured to have worked with such a fantastic team and to have together created and shared such a memorable airline, I wish you all well with your future endeavours and please be aware the the HR department or the administrator will maintain contact with you concerning you circumstances.
Further anouncements will follow over the course of the next few days from the adminstrator.

Regards
PJ "
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Old 27th Jul 2005, 06:26
  #92 (permalink)  
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EUjet goes into administration

Thousands of passengers have been left stranded after the parent company of budget airline EUjet filed for administration and stopped all flights....

About 5,000 passengers are thought to be stranded abroad unable to get home. The jobs of about 500 staff working at the airport or for the airline are also in doubt.

The first two passenger flights of the day left the airport as normal, but all later services - 10 in total - were cancelled. Passengers were left waiting at the airport, with no flights into or out of Manston except freight flights.

Holidaymakers due to be flying back to the UK with EUjet were left trying to arrange alternative flights with other airlines.....

A spokeswoman for the Association of British Travel Agents (Abta) said clients with future bookings were unlikely to get any sort of refund unless they had spent more than £100 and paid by credit card.
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Old 27th Jul 2005, 06:34
  #93 (permalink)  
 
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Maybe they should have kept to the ACMI work and left low cost ops right alone !!
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Old 27th Jul 2005, 08:12
  #94 (permalink)  
 
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I have every sympathy with those at EU who have lost their jobs, and am really sorry that EU has failed to make a go of it from Manston.
But I have to say that the manner in which stranded passengers were told of their plight- a copy of a one-line email- was a pretty poor show, and, more than that, the inability or unwillingness of local staff to help the pax was shameful. At least in Prague: where my 16 yr old stepson and 3 school friends were handed back their bags and told to leave the airport! This after hours of waiting at the Gate with no info forthcoming from staff.
Enough said.
Thanks, Easy, for recovering them and the other pax on that flight to LGW for a very reasonable £25 'ish each.
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Old 27th Jul 2005, 09:39
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Is is really true that P.J was drawing down a CEO salary of EURO 2,400 per day through an offshore company routed through SNN. Is that true anyone know?

That could pay for a few passenger refunds!
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Old 27th Jul 2005, 10:23
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Is anybody aware as to whether an administrator has yet been appointed for EUJet? As mentioned, I've had the pleasure of working with Manston Airport (and flying from there) and certainly believe that the place has a lot of potential. I just think the financial situation at Planestation was never going to keep EUjet afloat, especially with some of their poor business choices.

I hope everyone at EUJet finds a job elsewhere with relative ease & comfort, and that MSE can be saved by an alternative established or start-up airline, as it's a wonderful little place!
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Old 27th Jul 2005, 10:37
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Unhappy

BMIBABY.COM

I believe the adminstrators are a firm called Grant&Thornton


MINI
There are many at KIA Manston who were/are wondering about
PJ's role/status in the Airline, we'd heard he was no longer involved then occaisionally a company e-mail would appear signed by him mmmm.
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Old 27th Jul 2005, 12:27
  #98 (permalink)  
 
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Unhappy

I have been made redundant several times by the failure of small (shoestring?) airlines for which I preferred to work, rather than join a large corporation and just be a faceless number on the payroll, and my sympathy goes to the employees and stranded passengers.
Is it not time to ask whether the financial integrity of such start-up (upstart?) companies should be investigated further before acquiring a licence to operate?
This happens so often that I have to wonder sometimes whether someone is making a killing somehow by intending their new venture to be short-lived before it even has a chance to succeed. Can they be getting a tax advantage to offset losses somewhere else?
I’m no financial expert, but there is a very strong smell of fish.

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Old 27th Jul 2005, 13:27
  #99 (permalink)  
 
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EUJEt Dead?

Hi all!

have just been listening to Radio Scotland and all EUJ flights have been suspended with EZY and MON agreeing to carry affected passengers for GBP 25 per sector.

Sounds like the end to me!!!!
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Old 27th Jul 2005, 13:28
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Whilst everyone is entitled to an opinion...free speech and all that...at the moment it would of immeasurably greater benefit to the staff if anyone with any inside info on available jobs passed that on and the analysis was left for later.

A lot of these folks have been through this before with Gill...same bank..similar time of month....just before pay day.
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