Eirjet
Join Date: Oct 2005
Location: Leeds, UK & Cork, Ireland
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I dont think that the managment were the only thing at fault here, but they did create a schedule which was at best, highly ambitious, and at worst an utter farce. This in turn did not help their credability. I think that the scheduling difficulties should have been ironed out after Summer 2005, but were ignored. That is bad managment. EI-DIJ also had a reputation as a 'hanger queen' when at Monarch, so the wisdom of taking on this a/c at a time when eirJet needed to build a strong and relaible brand was questionable. Maybe they took the risk of having a new but slightly terpermental plane Vs an older but slightly taty one. Im not sure that risk paid off.
This final part is purely speculation, but I am guessing that Excel managed to hoover up most, if not all of the Falcon/JWT flying for 2007 and eirJet had been depending on this. That business was the core of eirJets summer ops. Excel Ireland is mostly made up of ex Falcon guys, so its a pretty safe bet that they knew exactly what would get Excel the business. After that Im guessing that the bank pulled the plug.
Once again though I am really sorry for the crew at eirJet, but any reports I've seen or heard about the crews were highly complementary. Perhaps if the profile of the charters was more diverse, and the branding a little better, it would have been easier to expand.
Join Date: Mar 2006
Location: London
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Brian,
Tour operators contract their flying 9 to 12 months in advance. Excel have had nothing to do with Eirjet's demise and in fact if Eirjet were still in the market then it would be far more difficult for excel to enter the Irish scene.
The senior management of Eirjet are to balme for their demise, no one else. Their stratergy was incompetent, naive and misguided.
Tour operators contract their flying 9 to 12 months in advance. Excel have had nothing to do with Eirjet's demise and in fact if Eirjet were still in the market then it would be far more difficult for excel to enter the Irish scene.
The senior management of Eirjet are to balme for their demise, no one else. Their stratergy was incompetent, naive and misguided.
Join Date: Apr 2002
Location: Luton
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EI-DIJ also had a reputation as a 'hanger queen' when at Monarch
Join Date: Mar 2006
Location: Germany
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Join Date: Nov 2000
Location: Dre's mum's house
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Eirjet has ceased operations NOT ceased trading, nor has it been placed (either voluntarily or involuntarily) into administration.
Join Date: Nov 2004
Location: Northern Ireland
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Staff, through the liquidator will get a percentage of their wages when all the forms have been filled out, but this won't be for at least 3 - 6 months. Then when all the major creditors have been paid ie: the Bank if there's any money left in the kitty after that you may get some. Don't hold your breath. But management will probably ensure they get paid !!!
PJ?
Join Date: Apr 1999
Location: location
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Irish airline with Irish management governed by the IAA, they should see their redundancy money in about 18 months time. Bet the management are already in lucrative jobs earning big bucks while the poor old operational staff bite the bullet again!
Anybody thinking of working for an airline that has EI in its registration, think again!!
Jetmagic, Jetgreen, EUJet amd now eirjet there may be a theme developing here.
Anybody thinking of working for an airline that has EI in its registration, think again!!
Jetmagic, Jetgreen, EUJet amd now eirjet there may be a theme developing here.
Join Date: Jun 2006
Location: Spain
Age: 53
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Hobbit
Hobbit, I know the managers personally, i used to work for eirjet until few moths ago and can guarantee you that they are not in any "lucrative jobs earning big bucks". They are still trying to get some money to refinance the situation and trying to find new jobs for all their employees in different airlines. Believe it or not, not every manager is a monster with no feelings.
Before saying things like what you just said it will be nice if you know the facts first. Is not a very nice thing to say things in a public forum that are not true about some individuals.
Hobbit, I know the managers personally, i used to work for eirjet until few moths ago and can guarantee you that they are not in any "lucrative jobs earning big bucks". They are still trying to get some money to refinance the situation and trying to find new jobs for all their employees in different airlines. Believe it or not, not every manager is a monster with no feelings.
Before saying things like what you just said it will be nice if you know the facts first. Is not a very nice thing to say things in a public forum that are not true about some individuals.
Join Date: Dec 2005
Location: Cork
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I think that comment is unfair and untrue.
The order in which the liquidator will pay out is as follows:
- liquidators fees
- discharge loans secured on assets
- preferential creditors (Employees, Revenue Commissioners)
- ordinary creditors and unsecured loans
- shareholders
If the company has been placed into liquidation then all employees (management or otherwise) are treated as preferential creditors. There is no distinction between "management employees" and "other employees" unless they are Directors - in which case they have specific responsibilities not to trade recklessly or whilst the company is insolvent. The Directors of the company have specific duties under company law and the liquidator will have to report if he is of the opinion that these have not been carried out.
In many liquidations the funds run out after the liquidator and secured loans have been paid. Where funds remain it is likely that a percentage will be paid. Ordinary creditors and shareholders often see little in a liquidation.
Also as an aside - a Liquidator is appointed to wind up the company - an Administrator is appointed (with the support of creditors and banks) where it is likely the company can be restructured and continue to trade.
The order in which the liquidator will pay out is as follows:
- liquidators fees
- discharge loans secured on assets
- preferential creditors (Employees, Revenue Commissioners)
- ordinary creditors and unsecured loans
- shareholders
If the company has been placed into liquidation then all employees (management or otherwise) are treated as preferential creditors. There is no distinction between "management employees" and "other employees" unless they are Directors - in which case they have specific responsibilities not to trade recklessly or whilst the company is insolvent. The Directors of the company have specific duties under company law and the liquidator will have to report if he is of the opinion that these have not been carried out.
In many liquidations the funds run out after the liquidator and secured loans have been paid. Where funds remain it is likely that a percentage will be paid. Ordinary creditors and shareholders often see little in a liquidation.
Also as an aside - a Liquidator is appointed to wind up the company - an Administrator is appointed (with the support of creditors and banks) where it is likely the company can be restructured and continue to trade.
Join Date: Jul 2006
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Hobbit-
Jetmagic would have got a license in the UK also, as it was well funded for what was intended and had very experinced guys in the supervisory team. EUjet again woulh have got a license as there was also a solid management team there also, even with PJ.
From what I hear PJ had offered to bail out Eirjet by buying it a short while ago and also offered very recently to buy it again. From what i hear on that it was stubborn shareholders in Skyjet, sorry Eirjet, who had grudges with the McGoldricks said no rather than taking the deal and leaving the company continue.
PJ has vast experience in the charter market. And before anybody says 'TransAer', those who know are fully aware that TransAer's demise was down to the Chapter 11 which was progressing in the states at the time and money being held up over there!
Jetmagic would have got a license in the UK also, as it was well funded for what was intended and had very experinced guys in the supervisory team. EUjet again woulh have got a license as there was also a solid management team there also, even with PJ.
From what I hear PJ had offered to bail out Eirjet by buying it a short while ago and also offered very recently to buy it again. From what i hear on that it was stubborn shareholders in Skyjet, sorry Eirjet, who had grudges with the McGoldricks said no rather than taking the deal and leaving the company continue.
PJ has vast experience in the charter market. And before anybody says 'TransAer', those who know are fully aware that TransAer's demise was down to the Chapter 11 which was progressing in the states at the time and money being held up over there!
