Excel Airways
StandupfortheUlstermen
Join Date: Dec 2001
Location: Peoples' Democratic Republic of Wurzelsetshire
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Someone is paying off some of XL's debts, the 738 at Bristol is no longer blocked in and is going to Lasham in the next day or two. Can only assume a deal has been done with the airport management. Seems the handling agent isn't happy though, from what I hear, they're refusing to push it back off stand so it's kind of still stuck here.
Join Date: Dec 2006
Location: UK
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Looking for Kieran Kielly, ex dan ex virgin and xl, sorry about the pun. I need to contact him urgently if he was made redundant from xl, as I have a job offer for him. contact me on [email protected]
Join Date: Apr 2006
Location: USA
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Looking for Kieran Kielly, ex dan ex virgin and xl, sorry about the pun. I need to contact him urgently if he was made redundant from xl, as I have a job offer for him. contact me on 
Join Date: Mar 2008
Location: Manchester, England
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all the remaining xl 737's departed today, after a rep from the leasing company paid 300K to MAN Plc to have them back. Then my company refused to push them as they owed us another 150k+ in bills, finally they paid it back late last night, so we got them away earlier today, not a nice sight really.
fairwell to XL
G-STAW
fairwell to XL
G-STAW
after a rep from the leasing company paid 300K to MAN Plc to have them back. Then my company refused to push them as they owed us another 150k+ in bills, finally they paid it back late last night
Or was it simply a case of said leasing Co wanting to cut through the red-tape and get their property back and earning revenue elsewhere asap ?
Regards
SHJ
Join Date: Apr 2007
Location: Here, there, everywhere
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why would the leasing company be liable for the debts incurred by XL
Thoughts are with all the XL crews and their families at this time
Join Date: Mar 2008
Location: Manchester, England
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Just as a matter of interest, why would the leasing company be liable for the debts incurred by XL at MAN for their impounded aircraft ? The debts would surely be arranged to be settled through PHWC, the liquidators
also remember it would of taken alot longer for the administrators to process legal stuff and to return the planes to the lessor, than it would for the lessor to take on the debt, its just s matter of speeding the process up.
This has simplified things for the lessor, Now the lessor will chase the administartors for the now outstanding monies owed to them, this is in access of £450K.
G-STAW
Last edited by G-STAW; 18th Sep 2008 at 15:16.
Debt stays with the aircraft, so if the leasing company wanted the plane back they would have to pay up.
The lessor wanted their planes back there and then, they wasn't leaving without them. Its not they they'll liable for the debt, but they wanted their planes back, and why not?obviously the planes are now being prepared for lease with another carrier, maybe kissair?!?
also remember it would of taken alot longer for the administrators to process legal stuff and to return the planes to the lessor, than it would for the lessor to take on the debt, its just s matter of speeding the process up.
This has simplified things for the lessor, Now the lessor will chase the administartors for the now outstanding monies owed to them, this is in access of £450K.
also remember it would of taken alot longer for the administrators to process legal stuff and to return the planes to the lessor, than it would for the lessor to take on the debt, its just s matter of speeding the process up.
This has simplified things for the lessor, Now the lessor will chase the administartors for the now outstanding monies owed to them, this is in access of £450K.
Regards
SHJ
Join Date: Sep 2008
Location: manchester
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XL Uk didnt have an A330 it belonged to XL France who are trading strong 
Seems wrong that they bought out almost bankrupt Star Airlines and rebranded to XL France........... Also german airline on its ass ..... and hey both are going strong while XL UK falls on its ass......... ironic !!!!!!
Seems wrong that they bought out almost bankrupt Star Airlines and rebranded to XL France........... Also german airline on its ass ..... and hey both are going strong while XL UK falls on its ass......... ironic !!!!!!
Join Date: Apr 2006
Location: 2010, NSW
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History repeats itself 1991...
Is this not very similar to the ILG/Air Europe failure in 1991...
Air Europa, and Air Europe SPA (Italy) continued, whilst the UK airline saw it's demise.
Air Europa, and Air Europe SPA (Italy) continued, whilst the UK airline saw it's demise.
Join Date: Apr 2002
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Don't know if ironic is the word I would use, manipulative bordering on fraudulent may be closer to the mark. Don't know if we will ever ( publically) know the truth, but the emergence (or not) of KissAir will be a fairly strong indication, particularly if they are using XL airframes.
As always, sh 1 tea always floats to the top.
As always, sh 1 tea always floats to the top.
Join Date: Nov 1999
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Years ago
The debt for ground charges stayed with the reg, not the aircraft itself. Hence the rapid re-register of the airframe, to the degree of corrupting one digit. I believe, the Reg is attatched to a frame number, until cancelled by the CAA or another reg is allocated at owners re-registration?