FlyNiki grounded
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FlyNiki grounded
In the wake of the Air Berlin bankruptcy FlyNiki today had to declare bankruptcy as well after Lufthansa as the only viable buyer (apparently IAG and Thomas Cook are not viable) pulled out.
The AOC was pulled this evening and flight operations will be grounded from tomorrow on. Some rescue flights from other operators apparently are trying to get some of their passengers back.
https://www.flyniki.com/en/start.php
The AOC was pulled this evening and flight operations will be grounded from tomorrow on. Some rescue flights from other operators apparently are trying to get some of their passengers back.
https://www.flyniki.com/en/start.php
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I just went through the same thing with Monarch 2 months ago. It is nothing but awful.
What is it about companies doing this before Christmas.
Hopefully the German system allows for better redundancy payments than we received.
The majority of the pilots have now found alternative employment. Which is a good thing at least.
Best of luck to everybody.
What is it about companies doing this before Christmas.
Hopefully the German system allows for better redundancy payments than we received.
The majority of the pilots have now found alternative employment. Which is a good thing at least.
Best of luck to everybody.
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Niki is an austrian company, owned by Air Berlin. No idea what the rules are in Austria, but there is probably no money left.
Same with Air Berlin actually. The company still operates 13 A320 until the end of the year, those that fly those still get their salary, the rest don’t although they are technically still employed while serving their (due to the bankruptcy reduced) three month notice period. All flight deck personnel, wether still flying (those based in STR, CGN, HAM) or not, did get their pink slip and will be out of Air Berlin by march. In theory everyone will get two months severance pay if there is any money left, and the salary that is currently not paid. Not gonna happen, as now the government will gobble up all the money that doesn’t go to the lawyers to recoup their bridging loan.
Same with Air Berlin actually. The company still operates 13 A320 until the end of the year, those that fly those still get their salary, the rest don’t although they are technically still employed while serving their (due to the bankruptcy reduced) three month notice period. All flight deck personnel, wether still flying (those based in STR, CGN, HAM) or not, did get their pink slip and will be out of Air Berlin by march. In theory everyone will get two months severance pay if there is any money left, and the salary that is currently not paid. Not gonna happen, as now the government will gobble up all the money that doesn’t go to the lawyers to recoup their bridging loan.
Unless I'm very much mistaken, the former employees will be first in line to get what they're owed, then other creditors, then the government.
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SMT ; I think you are very much mistaken. In all other cases that I know of (considerable) the employees are the LAST. All other creditors first. I was in a major company that went bust and we got NOTHING from the creditors list. State hand-out was also minimal. The Administrators secure a huge pay-off too. Way ahead of employees.
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It really depends on the local laws, who receives their money first.
Having been made redundant when Monarch went bust, I can tell you from personal experience that in the UK the employee is not the main creditor. In our case the owners are preferred creditors and on paper will never recoup their losses, even with the sale of the slots. In real life, they will most likely walk away with a profit as the financing was done quite creatively.
As employees we won't get a penny of what we are owned. They owe me £100k+ but I will never see this money. Even though the last press release stated that all employees get everything they are entitled too. What they failed to mention is that they work to government limits and it is capped at £800!
I feel for the staff at Air Berlin and FlyNiki, hopefully they get treated better.
Having been made redundant when Monarch went bust, I can tell you from personal experience that in the UK the employee is not the main creditor. In our case the owners are preferred creditors and on paper will never recoup their losses, even with the sale of the slots. In real life, they will most likely walk away with a profit as the financing was done quite creatively.
As employees we won't get a penny of what we are owned. They owe me £100k+ but I will never see this money. Even though the last press release stated that all employees get everything they are entitled too. What they failed to mention is that they work to government limits and it is capped at £800!
I feel for the staff at Air Berlin and FlyNiki, hopefully they get treated better.
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IATA has reminded its members of their voluntary commitments to repatriate stranded passengers.
http://www.iata.org/pressroom/pr/Doc...4-11-25-01.pdf
http://www.iata.org/pressroom/pr/Doc...4-11-25-01.pdf
slowjet and Flying Torquewrench
I believe you're both referring to UK law. That's not the case on most of the continent, and certainly not in Austria.
That UK laws, in this and other respects, bear evidence of a feudal system where the Lords get it all and the peasants get shafted, is something I find rather disappointing in this day and age.
I am saddened to learn how bad the UK really is in this respect, and how unfairly you have been treated. Employees are everything in any company, and if things go south they should absolutely be first in line to gather the leftovers.
I believe you're both referring to UK law. That's not the case on most of the continent, and certainly not in Austria.
That UK laws, in this and other respects, bear evidence of a feudal system where the Lords get it all and the peasants get shafted, is something I find rather disappointing in this day and age.
I am saddened to learn how bad the UK really is in this respect, and how unfairly you have been treated. Employees are everything in any company, and if things go south they should absolutely be first in line to gather the leftovers.
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very sad news - hope the staff get treated well - rumour is Niki lauda is up for taking back his airline for a 3rd time
Lauda air (he sold that to Austrian) then Fly Niki (he sold it to AB) were superb airlines with amazing onboard food and service
3rd time lucky Mr Lauda can make a go of it again ?
Lauda air (he sold that to Austrian) then Fly Niki (he sold it to AB) were superb airlines with amazing onboard food and service
3rd time lucky Mr Lauda can make a go of it again ?
He is a very canny (and tough) businessman, who made good money selling on the two previous occasions. He has the opportunity to buy back cheap and be seen as the saviour....lucky indeed if it works out. To be fair he never appeared to be just in it for the money and was most likely not the sole instigator of his previous two exits.
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Agreed, crew usually last in line to be paid. Yet when even a third-world flag of convenience shipping line goes bust the ship can be impounded until the crew are paid. What is it about aviation ?
Apart from that, Monarch flight operation standards were not comparable to those of Niki, which was more some sort of a Cowboy operator. Insiders do know what they talk about.
