Transjet filed chapter 11
 

Transjet filed for chapter 11 protection today at a court in Sweden..

Good luck to everyone concerned..

According to sources it has now also been approved..

All for the best

"We'll be back"

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.

:D :D :D

What is the unlawful behaviour that the Swedish CAA have engaged in ?

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"

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.

I'm supposed to be flying with TJ in October - will someone else operate the flight ?

TJ
 

I think Aegean Airlines with their 737s are flying their flights at least out of Heraklion LGIR.

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..

I wonder how many of the UK employees were paid their final salaries??? . . . . . . . . . Me Thinks . . . . . . . NOT MANY!!!



:( :( :( :( :(

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.

Steam: Chapter 7, not 9..

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 :D

Well, it's not called a chapter 11 but the rules as far as I gather are the same..

Cheers

And I thought I was overly clear in my previous post stating they where two completely different things.. ;)

Thank you all for your concerns, if they are genuine, we are not going through a very easy time now, so would appreciate any responses are kept in a positive mood.

Transjet UK

transjet

If you are an employee of your namesake then may be you could comment on this

article

reproduced from the Manchester on-line travel section web site

The company does not comment on matters that are in the hands of it's Lawyers.Lawyers

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.

:confused: