Transjet filed chapter 11
Transjet filed chapter 11
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A swedish police officer who was a pax onboard on TJ flight along with another hundred pax that was stranded has filed a lawsuit against the swedish CAA for their unlawful behviour against TJ.
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It seems there are a few ambiguities concerning the decision to ground the airline..
I don't know exactly what they concern though..
I'm sure someone here knows exactly what's going on and what exactly has happened.
I'm however quite sure we haven't seen the end of this by a longshot..
"Disclaimer regarding spelling"
I don't know exactly what they concern though..
I'm sure someone here knows exactly what's going on and what exactly has happened.
I'm however quite sure we haven't seen the end of this by a longshot..
"Disclaimer regarding spelling"
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Would appear that this company is following a standard pattern. First AOC pulled lots of PR hype that it is only a temporary measure. Then company files bankrupty as a result of losing the AOC. This is then followed by another lull when you are told that all is in hand and that once backers are found will be back on the road to recovery. Next thing you know letter on the doormat sorry company folded.
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Chapter 11 and bankrupcy is two completely different things..
Ch 11 is a protection for the company whilst reconstructing..
For the best of all involved I extend my best wishes..
Ch 11 is a protection for the company whilst reconstructing..
For the best of all involved I extend my best wishes..
Can you file for Ch.11 protection in Sweden? It's part of the US bankruptcy code - and is the famously lenient provision which allows you to trade on whilst restructuring, freezing your debts at the same time. (as opposed to Ch.9 which is full-scale bankruptcy)
I'm not sure you could use it outside US jurisdiction. Most countries' bankruptcy provisions are much nastier. Don't know about Swedish law though.
I'm not sure you could use it outside US jurisdiction. Most countries' bankruptcy provisions are much nastier. Don't know about Swedish law though.
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My impression was that in Sweden, firms that file for bankruptcy are all auctioned off either piecemeal or as going concerns. Upon filing, managers lose control of the firm. Unless the law have been updated.
Also interesting was this comment by a happy passenger and a few others
Also interesting was this comment by a happy passenger and a few others
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Transjet UK
When is the Swedish CAA expected to make a decision on TJs AOC ? I heard they were supposed to have a meeting with Johansson last Wednesday. Do they keep you guys informed about these matters ?
Without an AOC, they might as well go for full bankruptcy. Just a shame about all the deposits charterers have already paid to TJ.
When is the Swedish CAA expected to make a decision on TJs AOC ? I heard they were supposed to have a meeting with Johansson last Wednesday. Do they keep you guys informed about these matters ?
Without an AOC, they might as well go for full bankruptcy. Just a shame about all the deposits charterers have already paid to TJ.