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Astraeus are no more?

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Old 21st Nov 2011, 13:26
  #21 (permalink)  
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Rumour on AA&R is Jet Time - I think a Danish 737-300 operator, based I think in CPH so I guess they may be ferrying the -700 stuck there..
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Old 21st Nov 2011, 13:28
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Yup, as per post 17 of this thread.....
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Old 21st Nov 2011, 13:43
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Some very questionable decisions emanated from Reykjavik. One of the worst was dumping the handling agents from 1 June causing weeks to incredible chaos and delays. This recruitment of a new partner looks like another potential boob. Shame- they've driven a company they own, with a worldwide AOC, under. Presumably they will get nothing from the ashes. The whole thing seems a disaster area.
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Old 21st Nov 2011, 13:44
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Good luck to you all...
I was at GSM when the lights went out....

Always believe......

LB
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Old 21st Nov 2011, 13:52
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Well, seems Jet2 will find some young 757's on the market soon for their fleet renewal!
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Old 21st Nov 2011, 13:56
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Good luck to all those seeking employment.
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Old 21st Nov 2011, 14:07
  #27 (permalink)  
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Originally Posted by opsjockey
Yup, as per post 17 of this thread.....
- sorry! Double vision.

Bets that Palmi is an investor in Jet Time? It's an odd world up there in Eisland.

I guess BM will be a few seats short for while.
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Old 21st Nov 2011, 14:17
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A sad day indeed. I had 3 very, very happy years there from the inception.
I was even given a bonding for the type rating rather than have to pay for it. Such was the superb company ethos from the start up.

For all those now out of work, my sympathies. We have almost all been there.

There is lots of work out there if you can take the cultural differences. Good luck.
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Old 21st Nov 2011, 14:26
  #29 (permalink)  
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LGW-KEF now operating (and airborne!) as Holidays Czech Airlines HCC 502: CPH-KEF as HCC902

Last edited by BOAC; 21st Nov 2011 at 14:36.
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Old 21st Nov 2011, 14:50
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So sorry to hear it!
Thoughts with everyone at the airline. Some great people and I had a great 8 years there...
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Old 21st Nov 2011, 15:01
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Shame- they've driven a company they own, with a worldwide AOC, under. Presumably they will get nothing from the ashes. The whole thing seems a disaster area.
I dunno - the icelandic fella who owns it will come out of it with a few more shekels whilst loads of really great people get cast aside. It was a really close team, some great people to work with and some great times.
Such a shame because with slightly more benevolent ownership and leadership from the very top it could have been a great place, as the rest of the team were (mostly!) cracking people.
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Old 21st Nov 2011, 15:13
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Thinking of you guys.



Sorry to hear that, I used to work there.

Good luck finding new jobs.

If you are interested in Qatar Airways, you need to give Dusty Miller a call. I think he is still in charge of recruiting here.

There are quite a few of us Brits out here now

If you want any info on the place, send me a PM.

Cheers,

Quagmire.
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Old 21st Nov 2011, 15:13
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Shame.. I used to work with these guys a few years ago; when they operated like a normal airline and had the lucrative Oil Worker routes etc.

I had hoped they would find a similar niche in the industry as Titan!

Good luck to all and hoping you find new jobs in the near future.
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Old 21st Nov 2011, 15:45
  #34 (permalink)  
 
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As said above another company driven to the wall by the people who bankrupted a whole country.

This is the third company that has gone bust when employing me and the common thread is Icelandic money doing the talking.

Good luck to any airline that gets involved with the Icelandics.............you will need it, they will use the power of the money to back you into all sorts of stupid and rash decisions for reasons of Icelandic internal politics and then blame the non Icelandics when it all goes wrong.
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Old 21st Nov 2011, 15:49
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From Flight News and other media sources:

UK wet-lease operator Astraeus Airlines has ceased operations with immediate effect, with administrators set to be appointed to the company.
The carrier said it had suffered a "lack of contracts" for the winter 2011-12 season, following "lower-than-expected levels of business" during the summer.
Astraeus chief Hugh Parry added that the airline had "some extremely bad luck with a number of technical issues".
Parry said the board had been left with "no option" but to cease operations and put the company into administration.
"Every effort has been made to ensure that any passengers affected already have or will be able to complete their journey," he added.
"It is small comfort to those affected and impacted, I realise, but Astraeus comprised a fantastic team who did a fantastic job - quite possibly the best team in their aviation business sector."
Astraeus is wholly-owned by Icelandic firm Eignarhaldsfelagid Fengur. The carrier, established in 2002, had operated a range of aircraft including Boeing 757-200s, 737s and Airbus A320s.
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Old 21st Nov 2011, 16:09
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It is also the third airline that this particular Icelandic has driven against the rocks - Sterling, Flyme and now Astraeus. If I were you I would give up airlines Palmi!!
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Old 21st Nov 2011, 16:10
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Angry

JSCL
Not sure many B757 left, 2 have just gone to Fed Ex.
Good luck to allcon
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Old 21st Nov 2011, 16:10
  #38 (permalink)  
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Sympathies to all those affected.

It is a very difficult market for niche players out there with very high fuel prices and not much business around.
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Old 21st Nov 2011, 16:21
  #39 (permalink)  
 
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Hopefully most of the Astraeus drivers will find alternative employment fairly sharpish , the daily adverts are numerous .Sadly its only Jet2 that seem to need drivers in the UK . Mind you , most of the AEU folk I knew back in 04/05 are now overseas , all flying some seriously heavy metal for some high-class airlines .
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Old 21st Nov 2011, 16:23
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As said above another company driven to the wall by the people who bankrupted a whole country.
except its no longer said above because its been edited. But we all know who the people involved are and what their names are
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