Astraeus are no more?
 

I hear that Astraeus are no more with immediate effect, anyone else heard this?

just been told they have gone into administration. There are aircraft in the air and staff have been told that when they are in they will be contacted by the administrator.
very sad day for all the staff - press release is due very shortly

interesting!
anyone else has more information on this.
all they seem to be doing now are ACMI

Funny enough they just recruited 4 more guys a few weeks back...someone clearly did their math wrong on that.

This is a very sad moment. I've been working for them and know many nice guys there. I hope they will find a way out of this. Are they still flying? Lately I saw more of those white 757 in LGW than normal, but that doesn't mean anything.

Damn. I've done a few flights on them when they've been chartered by FlyBe and EZY. Always lovely crews and great inflight announcements.

So sorry to hear this.

Iceland Express co-owned with Astraeus by Mr.Palmi Haraldsson announced this morning that their flying will no longer be performed by Astraeus.
Yesterday the announced the closure of the Newark route. This has been a long time coming.

Awwww Poo!

I owe a lot to these guys as they gave me a start in aviation in the UK:sad:

Best of luck to all concerned, the aviation sector really is suffering in the UK at the moment.

Bugger.

Best of luck to all involved.

Just had it confirmed as in 'administration'.

Fwiw, I worked for AEU for nearly seven years and it was one of the best airlines that I have ever worked for!

Always 'interesting' routes, coupled with great training, and a terrific team of people both on the aircraft and in the office.

What a very sad day! :{

Did some freelance with them a few years ago. Great bunch and great fun to be with.

Crappy time of year to feel a cold draft.

Best of luck to all.

Very sorry to hear the news - hope the guys all get re-employed asap.

How many pilots did they have?

They had quite a few....Some have gone direct to the Cambodia gig apparently and the rest have been laid off. They recruited 4 other pilots about 4 weeks back so why recruit when they know something like this was on the horizon?

Well Punk, we wont be seeing anymore AEU aircraft having 666 scrawled all over it, will we now..

Iron Maiden's front man will be looking for a new ride then?

Sad day, another bunch added to the stats.

Best of luck all.

Yh that is true, im sure Brucey isnt to worried about losing his job.

Understand Iceland Express are now in partnership with JetTime (using their AOC / Fleet)

Shame about AEU. Great bunch of Guys and Gals.

A bit of Deja vu! Correct me if I am wrong, but didn't the money men behind Astraeus put another good little airline " British World Airlines" into administration about 10 years ago this month?

Like then I hope the staff all find new homes soon!

It's not nice.
 

Thoughts go out to all you guys.
Happened to me nearly 2 years ago at GSM.
Good luck.

Damn bad news
 

Very sad day :sad:

Astraeus rocked as the front man might say , good luck to all, a great bunch of folks

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..

Yup, as per post 17 of this thread.....

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.

Good luck to you all...
I was at GSM when the lights went out....

Always believe......

LB

Well, seems Jet2 will find some young 757's on the market soon for their fleet renewal!

Good luck to all those seeking employment.

- 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.

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.

LGW-KEF now operating (and airborne!:confused:) as Holidays Czech Airlines HCC 502: CPH-KEF as HCC902

So sorry to hear it!
Thoughts with everyone at the airline. Some great people and I had a great 8 years there...

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.

Thinking of you guys.
 

:mad::mad:

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 :ok:

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

Cheers,

Quagmire.

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.

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.

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.

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!!

JSCL
Not sure many B757 left, 2 have just gone to Fed Ex.
Good luck to allcon

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.

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 .

except its no longer said above because its been edited. But we all know who the people involved are and what their names are