MK Airlines/British Global
Join Date: Oct 2006
Location: Ostend
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Translantic savior of MK
Think I found the answer myself,
Transatlantic aviation Ltd (part of The Belfairs Management Group Ltd 1), is indeed (what else to expect) based on the (British) Virgin Islands, a "Tax Heaven"! Correct?
Apparently TAA circles around troubled companies, type Ch11 (see for ex. 2 and 3).
Core buss.: "meeting demand for commercial airliners, engines, parts and interiors".
MK is in fine hands!
p.s.: is Belfairs British? Good old Margaret, she did a fine job. Is her son is still engaged in Aviation?
Transatlantic aviation Ltd (part of The Belfairs Management Group Ltd 1), is indeed (what else to expect) based on the (British) Virgin Islands, a "Tax Heaven"! Correct?
Apparently TAA circles around troubled companies, type Ch11 (see for ex. 2 and 3).
Core buss.: "meeting demand for commercial airliners, engines, parts and interiors".
MK is in fine hands!
p.s.: is Belfairs British? Good old Margaret, she did a fine job. Is her son is still engaged in Aviation?
Join Date: Oct 2004
Location: Ostend, Belgium
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MK's intention to purchase 10 FF5000 Freight Feeder Aircraft
Freight Feeder Aircraft Corporation announced today that the company has entered into a Letter of Intent with MK Airlines for the purchase of ten FF5000 Freight Feeder Aircraft, with an option to purchase an additional five.
Officials of both Freight Feeder Aircraft Corporation and MK Airlines plan to meet within the year to complete the final negotiations. The purchase order will become finalized upon "first flight" of the FF5000 Prototype currently under construction. The planned completion of the FF5000 Prototype Aircraft is in the spring of 2009.
(MK Airlines European Launch Customer for the FF5000 Freight Feeder Aircraft - FOXBusiness.com)
FF5000: http://www.freightfeeder.com/About%20Us.html
What is this all about? Is this a joke?
Officials of both Freight Feeder Aircraft Corporation and MK Airlines plan to meet within the year to complete the final negotiations. The purchase order will become finalized upon "first flight" of the FF5000 Prototype currently under construction. The planned completion of the FF5000 Prototype Aircraft is in the spring of 2009.
(MK Airlines European Launch Customer for the FF5000 Freight Feeder Aircraft - FOXBusiness.com)
FF5000: http://www.freightfeeder.com/About%20Us.html
What is this all about? Is this a joke?
Join Date: Oct 2002
Location: Bishkek (nr Luton)
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New Cargo Aircraft
Shades of the Ayres Loadmaster and the large FEDEX order, that came to nothing.
New build cargo aircraft, especially a brand new design and not a spin off of an existing passenger airframe, are too costly when the restricted utilisation and earning potential is considered.
I note that the press release appears to have skipped over MK's recent "little difficulty".
New build cargo aircraft, especially a brand new design and not a spin off of an existing passenger airframe, are too costly when the restricted utilisation and earning potential is considered.
I note that the press release appears to have skipped over MK's recent "little difficulty".
Join Date: Jul 2006
Location: Huh huh huh ... what was the question again?
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Are my eyes decieving me, or is this FF5000 a re-engined and stretched version of the Shed?? 
I can't imagine an administrator in the UK placing an order as a launch customer for a new, unproven aircraft.
I can't imagine an administrator in the UK placing an order as a launch customer for a new, unproven aircraft.
Join Date: Jul 2008
Location: Planet Earth
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A Shed on steroids! Will take a lot to beat the Shed... It did what it said on the tin, albeit a bit bumpy, noisy and slow - it was a great aircraft and still plies the skies today, sadly not as frequent or popular...
Had many a flight in the 360 and enjoyed every minute!
Had many a flight in the 360 and enjoyed every minute!
Join Date: Jan 2006
Location: Europe
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First of all congrats for MK! Good to hear that they can keep up flying!
The idea is not bad in times were fuel is expensive to commence operations with turbo prop aircraft. But eh... A newly still to develop aircraft? Wouldn't it be easier to buy Q400 ( Some scandinavian airline still has some left
) and convert them to freighters? And as MK was searching in the desert for their first B747 isn't there any C130 left for the same idea?
Cheers!
The idea is not bad in times were fuel is expensive to commence operations with turbo prop aircraft. But eh... A newly still to develop aircraft? Wouldn't it be easier to buy Q400 ( Some scandinavian airline still has some left
) and convert them to freighters? And as MK was searching in the desert for their first B747 isn't there any C130 left for the same idea? Cheers!
Join Date: Jan 2006
Location: Europe
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First of all congrats foor MK! 
Great that they can continue flying!
The idea of flying a turboprop aircraft is not bad in times were fuel prices are high! But why choose a newly still to develop aircraft? Wouldn't it be easier to select for example the Q400 (of which a scandinavian operator still has some for sale) and convert them to freigthers? Or maybe if MK was looking in the desert for its first B747 there is a C130 left? Much safer to use an already prooven aircraft then going in to a new adventure after the financial trouble.
cheers
Great that they can continue flying!The idea of flying a turboprop aircraft is not bad in times were fuel prices are high! But why choose a newly still to develop aircraft? Wouldn't it be easier to select for example the Q400 (of which a scandinavian operator still has some for sale
) and convert them to freigthers? Or maybe if MK was looking in the desert for its first B747 there is a C130 left? Much safer to use an already prooven aircraft then going in to a new adventure after the financial trouble.cheers
Join Date: Oct 2004
Location: Ostend, Belgium
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A joint FF5500 rescue venture
A company under administration that will invest in expensive prototype still under construction aircraft ...and a prototype builder that didn't get a better choice than a company in financial trouble as its European launch customer??? ...and this in general troublesome times ahead?
This is definitely fake.
This is definitely fake.
Join Date: Oct 2004
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On 18 August a meeting of MK's creditors will be held in order to approve or reject the Joint Administrators' proposals for a Company Voluntary Arrangement. Should the CVA proposals not be accepted by the creditors, the Joint Administrators may then choose to exit the administration by either creditors' voluntary liquidation or compulsary liquidation.
