Astraeus are no more?

[757_Driver]

however there are many people with long memories who won't mourn AEU's passing

well they're petty and vindictive saddo's then. Move on with your life - honestly who carries a grudge around for years and years?
Also as I said before don't confuse the actions of a few people with the company and employees as a whole.

[Ali Ronn]

I remember well the happy days when this much interest around Astraeus was generated because of its birth, rather than its sad demise. The fastest AOC in history I believe...

Well, I don't believe in reincarnation, but I live in hope! Good luck Bruce

[Hamrah]

I don't understand why posts mentioning me are disappearing. Certainly news to me. Thanks for all your good wishes guys, particulary those who I recruited ..and of course those first PPRuNe Cadets we took on.

Onward and upward..

[Widewings]

Any contact to Bruce?

I am ex-Flystar, company email is switched off, does anyone have private email adress of Bruce here? If so, please private it to me, thank you very much!

[Monde]

I really can't see an Astraeus 2 working , sorry Bruce. Since late 2007 , apart from Euroatlantic (dreadful!)pretty much ALL pure ACMI operators have gone bust -i'm not including Titan as they are kept going by the royal mail/Falklands gig..Long term ACMI at a good hourly rate is a luxury due to overcapacity , something that is in short supply these days and only really works in times of economic boom.

[Poltergeist]

widewings

just been told email goes back on today

[Avenger]

The Icelandics seem to have their own agenda, IEX getting new A/C and WOW AIR starting up, new AOCs, and in the mean time routes suddenly covered by CSA and Norwegen? Hmmm? these things take a while to organise, I suspect they knew well in advance the plug would be pulled. The financial constraints imposed by the CAA for start up airlines, new lease costs and deposits, and the ACMI business model will be unattractive to investors with so much spare capacity in the market, sadly it's the end of the road..but if the guys are prepared to work abroad and fits their home lives, there are many opportunities around.

[beachbud]

Did some work with them over the years and enjoyed the company of the crews I flew with. All the best to them in finding work.

[pjdj777]

Well, as one of those Pprune cadets, I am very grateful to AEU for the opportunities they afforded me and I'm gutted that they're not around anymore.

It's a real shame to see one of the "can do" airlines fall. Good luck, boys and girls, here's hoping the Air Raid Siren succeeds.

[airbourne]

I was just thinking of PJDJ as an AEU cadet. Where did you end up?

[Fresca]

Without wishing to extend thread drift - Wasn't it a whole nation that voted not to repay debts?

Not really. The nation just did not agreed to the terms dictated to them by a a fellow NATO nation that classified them as a terrorist country. As far as I know the process of repayment is ongoing as we speak. But I expect not much here in this forum, as Icelanders have been called fish stinking nation, and cod-heads over and over again in almost every thread remotely connecting to this island nation.
If anyone here really thinks that a regular Icelander is proud of those sharks you are more bonkers than any of them.

Back to topic?

[pjdj777]

Quit AEU 7 years ago, still on the 73, left seat.

[RoyHudd]

Icelandic pong

You simply cannot trust those fish-stinking Icelandic people. Their track record of deceipt and duplicity over the last 10 years is extraordinary. Of course there are many decent people among them, but commercially this little island breeds more dishonest managers than anywhere west of Istanbul.

[proxus]

You simply cannot trust those fish-stinking Icelandic people.

All in all there are about 30-40 persons who are primarily responsible for those financial doings in Iceland and abroad. Please do not generalize a whole nation because of few rotten apples. We hate them for it as much if not more than you guys as we suffer for it more than you do.

[Iron Duke]

Bruce is a serious and charismatic man .. and if he can use his influence to get the show back on the road, then good luck to him.
AEU had some very competent people working for it, and if it is resurrected I am sure it can re-establish it's niche if properly supported.
As ex AEU myself I wish everyone the best of good fortune ....

[JSCL]

Problem is, now they've called in administrators, finding long term business from named players like TCX and BMI becomes a heck of a lot more difficult. Some a/c will need disposing and should AEU need new/more A/C under Mr Dickinson, the banks won't touch the company,he would likely have to find investors daring enough or fund it himself.

It's going to be tricky. But wish him well.

[vulcanised]

Please do not generalize a whole nation because of few rotten apples

Without wishing to extend thread drift - Wasn't it a whole nation that voted not to repay debts?

[mini]

As for the bad Icelanders etc.

Who gave them the money...

I'd guess its the same people who are now causing havok in the Eurozone and elsewhere.

Not by any way absolving the Icelanders, just...

[Tyres O'Flaherty]

Fact is, Bruce had all the love, adulation, blowing smoke up his arse, money, etc in 1983 onwards.

Furthermore, he's not an idiot.

I suspect he's got a good idea for how to make what's left a going concern.

Just my opinion

[Kirks gusset]

Is AEU in administration, that is being run by the Administrators and still trading or is it in Liquidation, i.e ceased trading and being shut down? if it's the latter, then it is no longer a " going concern" The problem may be that even if it still "exists" should the aircarft be retuned to the lease companies, that's game over and there is nothing to "resurrect", either way.. good luck