Air Wales
Excuse my ignorance but how much is a 50% stake in Air Wales Worth ?.
The Airline has no tangible assets other than some experienced flightdeck/cabin crew ?? .
Cant See whats in it for Aurigny , or am i missing something ?
The Airline has no tangible assets other than some experienced flightdeck/cabin crew ?? .
Cant See whats in it for Aurigny , or am i missing something ?
Join Date: Dec 1999
Location: UK
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Companies House says: Loss for year of 9m on revenues of 5.981m for year ending 31/3/2004. No accounts yet filed for 2005 (deadline is normally end of January). Balance sheet has 7m of share capital due to be paid from shareholders, 1.5m of assets, 269k of aircraft in realisable value, and accumulated losses of 16m against share capital of 18m. 1.4m decrease in cash in year and 4.2m net debt. Cash at nil.
Auditors note fundamental uncertainty with respect to going concern.
Auditors note fundamental uncertainty with respect to going concern.
Join Date: Mar 2004
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The accounts quoted are for the year ended 31 March 2004!!!
What is the point of quoting financial information that is two years out of date?
I think it also worth pointing out that the large levels of expenditure in this year (and subsequent losses) are largely to do with the introduction of the ATR fleet, which was a major investment for this operator. Start up costs in the airline business are enormous and losses are bound to be incurred in the early years.
What is the point of quoting financial information that is two years out of date?
I think it also worth pointing out that the large levels of expenditure in this year (and subsequent losses) are largely to do with the introduction of the ATR fleet, which was a major investment for this operator. Start up costs in the airline business are enormous and losses are bound to be incurred in the early years.
Join Date: Dec 1999
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What is the point of quoting financial information that is two years out of date?
The information was posted in response to someone asking what they could be worth in terms of assets to a buyer.
I think it also worth pointing out that the large levels of expenditure in this year (and subsequent losses) are largely to do with the introduction of the ATR fleet, which was a major investment for this operator. Start up costs in the airline business are enormous and losses are bound to be incurred in the early years.
Don't get so defensive!
Join Date: Sep 2002
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I cannot believe how many vultures are hovering over this one with glee, especially a certain poster who got his first airline job with them.
It seems so many of you want this all to go under, what an airline going under means is people out of work with kids to feed and mortgages to pay.
The intense delight that certain of you take in the problems of one airline astonishes me.
They always say what comes around goes around, perhaps one day the airline you are now with gets into a position of uncertainty, I hope you equally then enjoy the barbed comments made by ex employees on forum websites.
I for one hope that in whatever format it can that it will survive, there are some excellent people flying with the company whom I have enjoyed many a diet coke with.
It seems so many of you want this all to go under, what an airline going under means is people out of work with kids to feed and mortgages to pay.
The intense delight that certain of you take in the problems of one airline astonishes me.
They always say what comes around goes around, perhaps one day the airline you are now with gets into a position of uncertainty, I hope you equally then enjoy the barbed comments made by ex employees on forum websites.
I for one hope that in whatever format it can that it will survive, there are some excellent people flying with the company whom I have enjoyed many a diet coke with.
Join Date: Mar 2004
Location: Barry, S.Wales
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Its not good :(
Rumour is it's all over, all staff given 1 months notice, all deals off. Air wales will cease to exist in 1 month. I am genuinely sorry to all staff and people who have put years of work into aww. I really feel for all of you. Best of Luck to all.
Please note: rumour!!
sorry if it's incorrect.
Please note: rumour!!
sorry if it's incorrect.
Join Date: Nov 2005
Location: Isle Du Cyber
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Very Sad
Another sad day for aviation if this information is correct.
Some of us do know what its like to be told the door will close in one month.
Lets hope something might still come up with a possible late deal.
Some of us do know what its like to be told the door will close in one month.
Lets hope something might still come up with a possible late deal.
Join Date: Nov 2005
Location: Cardiff
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If its true then yes it is a sad day, not just for the Airline, but the country losing its flag carrier!
On the other side of things it leaves a gap for someone - existing or new?
If they know what their doing, they could be onto a winner!
On the other side of things it leaves a gap for someone - existing or new?
If they know what their doing, they could be onto a winner!
Join Date: Sep 2002
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A very sad day indeed for all concerned especially all the staff and RT but also for all of us who have enjoyed working with Air Wales for the last 5 years at Cardiff Airport
The flight crews have always been great fun as well as doing a professional job, the cabin crew always welcoming and i best not forget all the backroom staff.
I hope you all go on to find good jobs, who knows maybe even with someone coming into fill the void that desperately needs filling.
Good luck and all the very best you will be missed
The flight crews have always been great fun as well as doing a professional job, the cabin crew always welcoming and i best not forget all the backroom staff.
I hope you all go on to find good jobs, who knows maybe even with someone coming into fill the void that desperately needs filling.
Good luck and all the very best you will be missed