State of play at MyTravel/Kestrel
Join Date: Aug 1999
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''Only a few years back Air 2000 were paying for fuel in cash''
Must be quite a few years! It certainly hasn't been the case in the last 14 years to my knowledge, and the airline's only been going for 17. Still, this a rumour network I suppose.
Must be quite a few years! It certainly hasn't been the case in the last 14 years to my knowledge, and the airline's only been going for 17. Still, this a rumour network I suppose.
Join Date: Sep 1999
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Gashcan has rather shot himself in the foot by not checking his facts. Air 2000 have never been on a cash basis (other than isolated special flights to strange places).
Not even when Airtours were trying to take them over and calling round to measure up the offices. (Very embarassing for them when the deal dropped through some four hours later!)
Not even when Airtours were trying to take them over and calling round to measure up the offices. (Very embarassing for them when the deal dropped through some four hours later!)
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Lou scannon
I don't recall Air 2000 paying cash for fuel either, but they were very, very close to the edge not that many years ago.
Your right Airtours were expecting to buy Air 2000 first time around. One reason of course was the invertation to do so by the Air 2000 board who then changed their mind at the last minute. It cost several members of the Air 2000 board thier jobs. Both MYT and Air 2000 were lucky neither bid succeeded, I for one think it would have been bad for both operations.
But don't run away with the idea anyone is out of the woods yet! MYT will in my opinion survive which then puts the pressure back on everyone else! As has been pointed out already these are hard times.
It turns out MYT could still make a bit of money out of the Air 2000 bid if they win thier case in the courts.
I don't recall Air 2000 paying cash for fuel either, but they were very, very close to the edge not that many years ago.
Your right Airtours were expecting to buy Air 2000 first time around. One reason of course was the invertation to do so by the Air 2000 board who then changed their mind at the last minute. It cost several members of the Air 2000 board thier jobs. Both MYT and Air 2000 were lucky neither bid succeeded, I for one think it would have been bad for both operations.
But don't run away with the idea anyone is out of the woods yet! MYT will in my opinion survive which then puts the pressure back on everyone else! As has been pointed out already these are hard times.
It turns out MYT could still make a bit of money out of the Air 2000 bid if they win thier case in the courts.
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Gashcan
Don't know if your wrong about Air 2000, I just did not hear about it. Normally when a company starts paying cash for fuel it gets around fast! Either way that was then and they are still here I am pleased to say.
Don't know if your wrong about Air 2000, I just did not hear about it. Normally when a company starts paying cash for fuel it gets around fast! Either way that was then and they are still here I am pleased to say.
Humus Motor
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Agreed. Rumours like these are terribly damaging - and boy, do they travel fast. I remember some years ago, the Company I was working for had to pay cash for fuel for about 4 days at a major European Airport -because someone at head office messed up the payment schedule/details. Instantly, I was getting 'phone calls asking how secure I was and how long we were going to last. I was still working for them 15 years later.
MYT people must be damn frustrated with these rumours - I even heard someone on Radio 4 questioning a 'travel expert' on what compensation was in place if MYT went out of business. I hate this sort of thing because it's based solely on rumour, but directly affects the listening public's booking plans, and can risk fulfilling the prophecy all by itself.
MYT people must be damn frustrated with these rumours - I even heard someone on Radio 4 questioning a 'travel expert' on what compensation was in place if MYT went out of business. I hate this sort of thing because it's based solely on rumour, but directly affects the listening public's booking plans, and can risk fulfilling the prophecy all by itself.
Join Date: Apr 2003
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Is it possible that this topic can now be put to bed, I am sick of misinformed people telling me that this company is to stop flying or to go bust.
It is clear from history that companies such as these can be talked into bankruptcy. The most common way is for the bankers to lose their nerve and pull the plug. It has been widely reported that the credit facilities have been extended to the end of the year. All this really leaves is for a company to be talked down so much that consumers decide to book with other companies in fear of loosing their holiday. We are in a position where a lot of the public have no idea which company is which, although this is changing with the internet and LCA and self tailored holidays.
This all smells like dirty tricks to me, and I am surprised that no one has the bottle to say it. It is fair to say that a lot of people think their jobs will be safer with one of the big four out the picture. I am sure this will not be the case, people had better be careful about what they wish for. As I started with, unless there is anything more to say that is constructive can we all leave it alone now and let the employees try to do their jobs without this big grey cloud hanging over them.
It is clear from history that companies such as these can be talked into bankruptcy. The most common way is for the bankers to lose their nerve and pull the plug. It has been widely reported that the credit facilities have been extended to the end of the year. All this really leaves is for a company to be talked down so much that consumers decide to book with other companies in fear of loosing their holiday. We are in a position where a lot of the public have no idea which company is which, although this is changing with the internet and LCA and self tailored holidays.
This all smells like dirty tricks to me, and I am surprised that no one has the bottle to say it. It is fair to say that a lot of people think their jobs will be safer with one of the big four out the picture. I am sure this will not be the case, people had better be careful about what they wish for. As I started with, unless there is anything more to say that is constructive can we all leave it alone now and let the employees try to do their jobs without this big grey cloud hanging over them.
Join Date: Sep 1999
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Perhaps we could conclude by remembering the words of Ernest Gann (or was it Ernest Hemmingway).
Ask not "For whom the bell tolls?"
For it tolls for us all.
Which pretty much sums up the airline business at the moment.
Ask not "For whom the bell tolls?"
For it tolls for us all.
Which pretty much sums up the airline business at the moment.
John Donne (1572 - 1631)
No man is an Island, entire of itself;
every man is a piece of the Continent, a part of the main;
if a clod be washed away by the sea, Europe is the less, as well as if a promontory were, as well as if a manor of thy friends or of thine own were;
any man's death diminishes me, because I am involved in Mankind;
And therefore never send to know for whom the bell tolls;
It tolls for thee.
Meditation XVII
No man is an Island, entire of itself;
every man is a piece of the Continent, a part of the main;
if a clod be washed away by the sea, Europe is the less, as well as if a promontory were, as well as if a manor of thy friends or of thine own were;
any man's death diminishes me, because I am involved in Mankind;
And therefore never send to know for whom the bell tolls;
It tolls for thee.
Meditation XVII
Last edited by beardy; 7th Apr 2003 at 23:24.
Join Date: Jul 2002
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Gann and Hemingway are quite contemporary, but Metaphysical Poetry from John Donne is fantastic!!
We're all in it together at the end of the day, and hopefully we'll still all be in it together in the morning..............if you see what I mean!
Nuff said!
We're all in it together at the end of the day, and hopefully we'll still all be in it together in the morning..............if you see what I mean!
Nuff said!
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Rupetime
Comes under the heading of old news! It does not matter now if they were in trouble and needed to pay cash for fuel.
The point is they were close to the edge and they are still here to tell the tale. MYT will survive, in my opinion we will be looking back a few years from now when some other company is in trouble telling much the same tales!
I also think this thread is getting worn, time to change the subject!
"Argue for your limitations and sure enough they are yours!"
Richard Bach
Comes under the heading of old news! It does not matter now if they were in trouble and needed to pay cash for fuel.
The point is they were close to the edge and they are still here to tell the tale. MYT will survive, in my opinion we will be looking back a few years from now when some other company is in trouble telling much the same tales!
I also think this thread is getting worn, time to change the subject!
"Argue for your limitations and sure enough they are yours!"
Richard Bach
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Quite right, there is nothing new here, no demise in sight! Time to wind up this thread.
Interstingly enough though, MYT cut back capacity heavily, well in advance of the current conflict. Now it seems all the major competitors, have excess holidays on their hands because they assumed MYT wouldn't be there.
I wonder who will have the better season now?
Interstingly enough though, MYT cut back capacity heavily, well in advance of the current conflict. Now it seems all the major competitors, have excess holidays on their hands because they assumed MYT wouldn't be there.
I wonder who will have the better season now?
Join Date: Jan 2002
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Airtours don't start flying to Majorca from BOH until 1st week in May. The MyTravel companies are using a 737-800 on the weekly sunday Palma flight and a 737-400 on the weekly saturday palma run.
For summer 2003 they've added 1X weekly to Crete, an extra weekly flight to Palma and increased flights to Las Palmas. The latter also running year long for the 1st time.
I don't know where you got your info Rumflier.
Palmair is the only operator who serve Palma year round from BOH and they certainly are not having any trouble selling seats this Spring. Nearly sold out for April!
For summer 2003 they've added 1X weekly to Crete, an extra weekly flight to Palma and increased flights to Las Palmas. The latter also running year long for the 1st time.
I don't know where you got your info Rumflier.
Palmair is the only operator who serve Palma year round from BOH and they certainly are not having any trouble selling seats this Spring. Nearly sold out for April!
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stevebeevo,
apologies if wrong, just aware that a number of passengers have been told by the airport and package holiday companies that the flights aren't going from BOH and that they must go from LGW instead.
apologies if wrong, just aware that a number of passengers have been told by the airport and package holiday companies that the flights aren't going from BOH and that they must go from LGW instead.
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Apology accepted Rumflier.
Just to clear up the issue. The MyTravel group programme from BOH is as follows:
Tenerife - year round *
Gran Canaria - Year round
Malaga - May thru October *
Palma - twice weekly, May thru October
Crete - May thru October
* summer break of 5 weeks mid June till end July
Just to clear up the issue. The MyTravel group programme from BOH is as follows:
Tenerife - year round *
Gran Canaria - Year round
Malaga - May thru October *
Palma - twice weekly, May thru October
Crete - May thru October
* summer break of 5 weeks mid June till end July