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Flyglobespan into administration

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Old 22nd Dec 2009, 10:55
  #261 (permalink)  
 
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Jet2.Com
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Old 22nd Dec 2009, 11:16
  #262 (permalink)  
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mach79 - you are correct - I should have said that I believe the expansion of Viking ('Hellas', 2009) arose from the XL/Kiss collapse. I think Viking have been on the go since around 2003 in Scandiland. It is the 'Greek' connection that is just a little suspicious - just look at Mr Wyatt and family and BPI, not to mention Mr Elia who appears to be 'unavailable' for interview.

There appears to be significant interweave in all of this. Lots of 'arms length' involvement quoted! The TTG had this to say in March, concerning another new travel venture:

"the new operation was working with a number of airline partners, including seat-only operator Kiss Flights, the trading name of Viking’s UK broker Meridian Aviation before it was sold to Flight Options. Kiss Flights was set up by former bosses of XL’s Freedom Flights."

It's the old - "if it walks like a duck and quacks like a duck.........."

It remains a tragedy, whatever the GS management failings, that so many employees have lost jobs in various airlines through dubious dealings. There is of course no proof of 'dodgy dealings' yet, but one hopes that someone somewhere is going to poke the muddy bottom of this pond.

Last edited by BOAC; 22nd Dec 2009 at 11:30.
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Old 22nd Dec 2009, 11:33
  #263 (permalink)  
 
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Notable that there is press discussion of E-Clear themselves "facing failure", and that Flyglobespan had formally placed a Winding-Up order on them. This will presumably now be taken forward to the courts by the receivers.

Flyglobespan files petition against E-Clear - Business News, Business - The Independent

where has all the money gone ...... ? Just before Christmas is usually a high time for airline cash funds - it then all goes in the weeks ahead as operations continue but forward bookings reduce.
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Old 22nd Dec 2009, 13:00
  #264 (permalink)  
 
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Interesting Anna.aero article including a list of all the different route strategies GSM tried in recent years...
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Old 22nd Dec 2009, 15:10
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Latest seems to be that the GSM Administrators have demanded that E-Clear put the whole £35M into a joint account now, to show good faith as they try and unscramble the flow of credit card monies and reasons for E-Clear keeping at least £20M which was rightly GSM's regardless how you look at it
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Old 22nd Dec 2009, 18:45
  #266 (permalink)  
 
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Where has all the money gone???

Interesting question, especially seeing how E-Clear's parent company is registered in the BVI. Isn't there a luxury yacht parked down there, in the vicinity?

It will also be interesting to see where a certain Ground Handler, based in BHX, winds up, now that his sugar daddy no longer has a job at FGS...
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Old 22nd Dec 2009, 22:34
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So Halycon and E-Clear are one and the same! I hope there will be a criminal investigation into this sorry mess
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Old 23rd Dec 2009, 10:35
  #268 (permalink)  
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Shouldn't Globespans money be held in an escrow account by E Clear anyway?

I mean, they might be processing payments for a third party, but it's still Globespans money, not theirs.
 
Old 23rd Dec 2009, 14:11
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I'd say that the money is the ex-employees, not anybody elses.

I wonder if TD etc has applied for jobseekers allowance yet?
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Old 23rd Dec 2009, 18:22
  #270 (permalink)  
 
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Price Waterhouse Receivers

Rest assured these guys will milk the receivership for every penny in available funds>
they have been the undertakers of at least 20 airlines in the last 10 years,
and can make the receivership last a very long time.
the longer it lasts the more they get, even before the staff.

It would be interesing to see if their "professional" fees come out at less than one million when this is all over.

Penny
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Old 24th Dec 2009, 09:57
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Alba will operate as normal atleast until new year there is 4 interested parties for buying them. Ground 1 Menzies is the worlds most profitable ground handling agent so how can the not have money? there just holding back on money like every other company as this is not the right moment to spend money. Alba at GLA may still be saved good luck to them hopefully the right owners will come along and lead them in right direction.
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Old 24th Dec 2009, 18:58
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Alba going to Menzies

Alba-GLA, have been taken over by Menzies all legalities to be sorted early new year.(TUPE)
Good luck to all .
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Old 24th Dec 2009, 23:43
  #273 (permalink)  
 
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Alba going to Menzies

Well Davyday if that is true Alba staff better start looking for employment right away there is no way Menzies will (employ) after TUPE the best Groundhandling staff at GLA. Because all that will do is show how incompetent their present staff are and I am sure the Managers based at GLA will not want any of there regional managers to see how the job should be done effectively. Further more Alba staff have to hold their heads up because they have done a fantastic job right up to and after Flyglobespan collapsed. They all (and i mean everyone) turned up the following day to attended to any passenegers who thought the worst thing in the world had just happened to them, ha!!! all that happened was that they lost a holiday. In actual fact the worst thing to happened was to the staff at EDI, after they dealt with the passengers the Administrators told them to go home and they never even got paid for any shifts they done in December (no Christmas pay). To finish off I would like to wish all ex and present staff of Alba ground handling A merry christmas and a happy new year. Good Luck
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Old 25th Dec 2009, 20:14
  #274 (permalink)  
 
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alba gla

i wish gla alba all the best even if menzies GLA have them bought over, i worked with alba GLA, and they like EDI are dedicated and will be a asset to anyone. Just a pity EDI could not come as part of the bargain. TEAM EDI all the way.
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Old 25th Dec 2009, 21:51
  #275 (permalink)  
 
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BALPA have started a fund to support former GLobespan pilots who will be suffering financially at this time of year.

Click this link for details and how to donate BALPA - BALPA HARDSHIP FUND - XMAS APPEAL
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Old 29th Dec 2009, 10:28
  #276 (permalink)  
 
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Menzies have not taken over ALBA. flybe menzies verbal agreement over contract however alba still stand as a company at the moment therefore that would require 60 day notice period flybe and menzies are awaiting decision as there are 3 interested parties in buying alba including the flounder mr rodden!!!! Menzies are not keen on the amount of staff alba have as its only flybe contract they would be gaining and are not interested in the staff overload. Menzies also do not recognise the alba management roles...menzies do not have a baggage hall manager...menzies do not have leading hands or supervisors the only management role menzies recognise and would be required is 3 assistant shift managers which alba do not have. if it goes menzies way at the end then it would not surprise me if menzies only toupe the staff alba toupe'd from servisair.NOBODY WILL KNOW WHATS HAPPENING UNTIL IT HAPPENS
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Old 29th Dec 2009, 12:24
  #277 (permalink)  
 
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City bigwigs Derek Tullett and Sir Edward du Cann dragged into Flyglobespan row

Derek Tullett, the City financier and Labour donor, and Sir Edward du Cann, the former Tory party grandee, sit on the advisory board of E-Clear, the card payment company run by Elias Elia, a Cypriot businessman. E-Clear has been accused of withholding money from the airline, precipitating its failure.

City bigwigs Derek Tullett and Sir Edward du Cann dragged into Flyglobespan row - Times Online
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Old 29th Dec 2009, 12:58
  #278 (permalink)  
 
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Grubbier and grubbier......I wish we REALLY knew the GSM hierachy's involvement in this sad, sordid affair.
Maybe one day soon...............

Last edited by Little Blue; 29th Dec 2009 at 12:59. Reason: Bloody poor spelling !!
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Old 29th Dec 2009, 18:07
  #279 (permalink)  
 
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BALPA Hardship fund appeal

In order to get the money to the ex-GSM pilots, the hardship fund will be closed and then distributed at the start of January.

Even though donations are coming in I wonder if I could make a final plea to those who might still want to donate to do so as soon as possible.

Quickest way is via electronic bank transfer - if you have an internet account it takes afew seconds. Details on the website - please follow the link on my previous post.

Many Thanks.
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Old 29th Dec 2009, 18:22
  #280 (permalink)  
 
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Card payments

Hello

The one thing I do not understand, is why E Clear is involved in card payments?

My mate has her own business and card payments go from the terminal in her shop direct to her bank.

Why is there a "middle man" as it appears?
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