Excel Airways
Join Date: Jan 2008
Location: timbuktu
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Why did the banks pull the plug?
Looking at the XL website, it seems that they might have recovered their loans by taking ownership of XL France and XL Germany - there is a press release on the Start: XL Airways Germany site which talks of "new shareholders" and these new shareholders are banks.
Looking at the XL website, it seems that they might have recovered their loans by taking ownership of XL France and XL Germany - there is a press release on the Start: XL Airways Germany site which talks of "new shareholders" and these new shareholders are banks.
Join Date: Jan 2001
Location: High in the Sky
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Absolutely gobsmacked. Genuinely thought the re-financing would come off and we would look forward to a busy winter and summer 2009.
Flown with some great guys 'n' gals over the years and I will miss you all. Hope we all manage to find jobs somewhere.
Good luck everyone.
V3
Last edited by Voodoo 3; 12th Sep 2008 at 04:35. Reason: spelling
Join Date: Apr 2008
Location: UK
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XL
It appears that no-one is really safe. I guess it’s quite ironic that this announcement comes only a day after the anniversary of 911.
Very testing times for us all in aviation. Good luck to all those concerned.
Very testing times for us all in aviation. Good luck to all those concerned.
Join Date: May 2002
Location: around
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Obviously bad news for everybody.
Have experienced it myself.
Were there any warning signs and did the management keep you informed?
From experience they probably did not.
Good luck to everyone.
Have experienced it myself.
Were there any warning signs and did the management keep you informed?
From experience they probably did not.
Good luck to everyone.
Guest
Posts: n/a
Fingers crossed
Hey folks and to all at XL. The aviation industry goes in cycles all the time, you're not the first and won't be the last. I know it's not much comfort now but I'm sure it won't be long before new work is found for everyone. We've all been through it in one form or another. Best of luck to all of you from a little airline in the Southwest of England!!x
There's no joy in MAN today - lots of good people looking at very difficult end to the year. Mrs ETOPS was XL cabin crew up until recently so knows how hard this will hit...................
Some operators may get a boost from XLs demise so some hiring good be a lifeline?
Some operators may get a boost from XLs demise so some hiring good be a lifeline?
Join Date: Sep 2008
Location: London
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5live
If any crew or staff want to speak to BBC 5live Breakfast about this, please contact me - email address is [email protected].
Regards
Helen
Regards
Helen
Join Date: Jul 2001
Location: UK
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Lot of XL Staff I know are ex Dans / Air Europe and or have suffered unemployment in other Airlines. They are also top folk and highly regarded
This is a massive blow to the UK Airline Industry
This is a massive blow to the UK Airline Industry