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-   -   Eirjet (https://www.pprune.org/airlines-airports-routes/229738-eirjet.html)

brian_dromey 23rd October 2006 22:57


Originally Posted by Cyrano (Post 2923610)
Companies fail for a variety of reasons, of which 'crappy management' is not the only one. If you have direct evidence that this is the principal reason for Eirjet's demise, OK, but otherwise isn't that a bit of a cheap shot?

OK perhaps I was a little harsh on the managment, but what I will say is that many resorts have mulitple changeover days and thursday and tuesday are usually pretty big ones. LTE & FCA managed to spread a weeks flying for ORK and SNN out of one a/c and associated crew base until eirJet showed up, trust me, when you are looking for flight out of regional airports, you DO NOT have a choice as to the day of the week.

I dont think that the managment were the only thing at fault here, but they did create a schedule which was at best, highly ambitious, and at worst an utter farce. This in turn did not help their credability. I think that the scheduling difficulties should have been ironed out after Summer 2005, but were ignored. That is bad managment. EI-DIJ also had a reputation as a 'hanger queen' when at Monarch, so the wisdom of taking on this a/c at a time when eirJet needed to build a strong and relaible brand was questionable. Maybe they took the risk of having a new but slightly terpermental plane Vs an older but slightly taty one. Im not sure that risk paid off.

This final part is purely speculation, but I am guessing that Excel managed to hoover up most, if not all of the Falcon/JWT flying for 2007 and eirJet had been depending on this. That business was the core of eirJets summer ops. Excel Ireland is mostly made up of ex Falcon guys, so its a pretty safe bet that they knew exactly what would get Excel the business. After that Im guessing that the bank pulled the plug.

Once again though I am really sorry for the crew at eirJet, but any reports I've seen or heard about the crews were highly complementary. Perhaps if the profile of the charters was more diverse, and the branding a little better, it would have been easier to expand.

Yer Man 24th October 2006 06:53

Brian,

Tour operators contract their flying 9 to 12 months in advance. Excel have had nothing to do with Eirjet's demise and in fact if Eirjet were still in the market then it would be far more difficult for excel to enter the Irish scene.

The senior management of Eirjet are to balme for their demise, no one else. Their stratergy was incompetent, naive and misguided.

G-AZUK 24th October 2006 08:33


EI-DIJ also had a reputation as a 'hanger queen' when at Monarch
nothing wrong with G-MONW when at Monarch, no better or worse than the other A320's, it was one of the older vintage but by no means stood out as a hangar queen

The Real Slim Shady 24th October 2006 13:04

Anyone know who the Administrators / Receivers are?

toolonggone 24th October 2006 14:56

Eirjet has ceased operations NOT ceased trading, nor has it been placed (either voluntarily or involuntarily) into administration.

YP321 24th October 2006 15:41


Originally Posted by toolonggone (Post 2925987)
Eirjet has ceased operations NOT ceased trading, nor has it been placed (either voluntarily or involuntarily) into administration.

Rumours say it has... Liquidation likely. F/Os might get an offer to fly for EI for a 6months contract. Capt???

The Real Slim Shady 24th October 2006 17:14


Eirjet has ceased operations NOT ceased trading, nor has it been placed (either voluntarily or involuntarily) into administration.
Is there a reason then they aren't answering the telephone?

bacardi walla 24th October 2006 17:29

Any Eirjet ops guys/girls looking for work - drop me a PM. UK based.

unionslave 24th October 2006 17:47

Eirjet now offically gone into liquidation, no pay for the staff as usual.
Good Luck to all who worked there , it was fun while it lasted:D

Platinum206 24th October 2006 18:45

Will the staff not get paid whatsoever? What about when the liquidator gets through with everything.

unionslave 24th October 2006 19:14

Staff, through the liquidator will get a percentage of their wages when all the forms have been filled out, but this won't be for at least 3 - 6 months. Then when all the major creditors have been paid ie: the Bank if there's any money left in the kitty after that you may get some. Don't hold your breath. But management will probably ensure they get paid !!!:ugh:

RoyHudd 28th October 2006 18:08

PJ?
 
Was yer man involved in this airline? Just asking, no agenda here.

Hobbit 28th October 2006 20:09

Irish airline with Irish management governed by the IAA, they should see their redundancy money in about 18 months time. Bet the management are already in lucrative jobs earning big bucks while the poor old operational staff bite the bullet again!
Anybody thinking of working for an airline that has EI in its registration, think again!!
Jetmagic, Jetgreen, EUJet amd now eirjet there may be a theme developing here.

ecei 28th October 2006 23:49

Hobbit

Hobbit, I know the managers personally, i used to work for eirjet until few moths ago and can guarantee you that they are not in any "lucrative jobs earning big bucks". They are still trying to get some money to refinance the situation and trying to find new jobs for all their employees in different airlines. Believe it or not, not every manager is a monster with no feelings.

Before saying things like what you just said it will be nice if you know the facts first. Is not a very nice thing to say things in a public forum that are not true about some individuals.

NC2 29th October 2006 17:46


Originally Posted by unionslave (Post 2926469)
But management will probably ensure they get paid !!!

I think that comment is unfair and untrue.

The order in which the liquidator will pay out is as follows:

- liquidators fees
- discharge loans secured on assets
- preferential creditors (Employees, Revenue Commissioners)
- ordinary creditors and unsecured loans
- shareholders

If the company has been placed into liquidation then all employees (management or otherwise) are treated as preferential creditors. There is no distinction between "management employees" and "other employees" unless they are Directors - in which case they have specific responsibilities not to trade recklessly or whilst the company is insolvent. The Directors of the company have specific duties under company law and the liquidator will have to report if he is of the opinion that these have not been carried out.

In many liquidations the funds run out after the liquidator and secured loans have been paid. Where funds remain it is likely that a percentage will be paid. Ordinary creditors and shareholders often see little in a liquidation.

Also as an aside - a Liquidator is appointed to wind up the company - an Administrator is appointed (with the support of creditors and banks) where it is likely the company can be restructured and continue to trade.

EUAir 1st November 2006 12:28

Hobbit-

Jetmagic would have got a license in the UK also, as it was well funded for what was intended and had very experinced guys in the supervisory team. EUjet again woulh have got a license as there was also a solid management team there also, even with PJ.

From what I hear PJ had offered to bail out Eirjet by buying it a short while ago and also offered very recently to buy it again. From what i hear on that it was stubborn shareholders in Skyjet, sorry Eirjet, who had grudges with the McGoldricks said no rather than taking the deal and leaving the company continue.
PJ has vast experience in the charter market. And before anybody says 'TransAer', those who know are fully aware that TransAer's demise was down to the Chapter 11 which was progressing in the states at the time and money being held up over there!

kellyoldsmunt 9th November 2006 16:21

Transaer, EUjet MMM :ugh:
just a thought !:ugh:


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