TRANSAER ARE NO MORE ??

[B52MAN]

Radio news this afternoon says that Transaer are now in liquidation with operations ceasing today. If true, this is terrible news and i hope everything works out for those guys there ....

[spud's on the job]

Definitely gone, it's happened within the last hour.

[dada]

THEY HAVE HAVE THEY?

[MFALK]

Are these the same Transaer operating the A320s in Libya?

[B52MAN]

MFALK...Yes, they are the same operation.

[dada]

ANYONE KNOW HOW MANY PLANES THEY HAD?

[MFALK]

Do you know if Transaer own those A320s or are they from a leasing company?

I met a pilot from that operation once and the pay wasn't bad although there is little to do in Tripoli in any free time available.

[Desk Driver]

Very sad news for all the staff!!!

It just goes to show you may think you've had a good year but it can still go all wrong for you.


Good luck to all the staff!

------------------
-------------------------
You fly em we'll fill em!

[Best Western]

TransAer, the Irish based independent
charter airline, is to apply to the
High Court for the appointment of a
provisional liquidator.

The decision follows the failure of the
airline to secure additional investment
to secure the viability of the business

TransAer sustained significant losses
last year as a result of the conflict
in Kosovo which had a negative impact
on the Greek, German and Turkish
markets where TransAer operated.

The company also recorded heavy losses
as a result of a $20million investment
in the US airline TransMeredian.

Source: www.RTE.ie (http://www.RTE.ie)

[B52MAN]

You would have to wonder, is this the first of a number. With the current fuel situation the way it is and most airlines facing increasing pressure from the tour operators it is probably realistic to expect another one or ???

[The Guvnor]

Eh??? I thought that they were buying or merging with - or being taken over by - HeavyLift.

I guess they won't be taking Aer Lingus' A330s, then!

------------------
:) Happiness is a warm L1011 :)

[Justin Abeaver]

Guvnor,

What a thing to say. You are a bigger tosser than most people say you are.

Over 500 people have lost their livelyhoods and all you can do is smirk. I'm not surprised all your ventures I know of are failures.

I hope one of their crewmembers manages to give you a fat lip, you deserve it.

[The Guvnor]

Justin, you're oversensitive - I was just making a point about the major debate that was on here about them taking over the EI A330s some time back.

For what it was worth, I was there, have done that and still have the T shirt, having joined Laker Airways in early December 1981.

My commiserations to those affected, and I hope that they find alternative employment in the near future. At least unlike when GK went down, there isn't a recession.

------------------
:) Happiness is a warm L1011 :)

[knuckledragger]

I am very sorry to hear this very sad news.
To my former colleagues I wish you all the very best. I hope that most of you are able to find alternative employment soon. Ireland has lost a great company. I remain in the hope that PJ will somehow get something else going.
...

[Aogman]

A terrible loss to the 540 people employed by TransAer - Their aircraft were leased Orix repossesed their aircraft yesterday and today - a number are in Libya, Cuba and France - Britannia is operating one from STN. The A300s are just as widely spread. I only wish that we had more vacancies at the moment - my best wishes and hopes to all affected.

[old-timer]

The Transaer A320's in BAL colours
were still operating out of STN this week ?

Very bad news, more poor folk looking for jobs, sincere wishes that they find
work elswhere,

take care folks,

[Aogman]

Saw the A320 on the ramp there only yesterday - I'm sure PJ will be able to pull something from up his sleeve - not sure what in these circumstances though. My only hope is that he doesn't get screwed by the media and courts - TransAer owe a lot of money to a lot of people

[OC41]

Anothr sad day indeed. Transaer did have some 320's with Brits this Summer. It was also alledged their on time performance was better than Brits.
Good luck

[CedarBus]

A Very Sad Day Indeed.This airline has a Great bunch of people flying for them. I wish them all the Luck in getting started again somewhere else.

[fifthcolumns]

Bad news really, however there are plenty
of jobs in Ireland at the moment for the
ground staff, maybe not so many airline
jobs though.
As for the pilots, well Airbus ratings are popular.

Guvnor. I would have thought this represents
and opportunity for you. A niche to be
filled with L1011's, maybe?

One way or another someone will replace
Transaer.

[runkari]

testing....123

[runkari]

For the sake of all aviation suppliers, aircrew, travellers and everyone else even remotely connected to the aviation industry, let's hope those wishing to fill the void left by Transaer's demise are capable, decent and honest individuals.

Let's compile an A-Z of those who lack credibility in every possible manner.......... and to make it easy, let's start with the letter "G".

[Who?]

Well said runkari. Just beware of being threatened now for libel.

[Flashgit]

:rolleyes:

No real surprise here.
Cant run a big enterprise like a corner shop....

I bet PJM is safe out of this unlike the workers.

Its Transmeridian and bad management that sent them bust not kosovo...

[This message has been edited by Flashgit (edited 21 October 2000).]

[Multi-X]

It all started a month ago when TransMed filled for chapter 11 protection. TMA had several management changes in as many years. PJ & some US customers kept bailing them out. Most people were amazed that they lasted so long. This is the only reason TLA have gone.

[Thrush]

http://geocities.com/r337m0nk3y/net/bandit.gif
>A bad, sad day for all at Transaer, whether in Gatwick, Dublin, Manchester, Stansted, Cuba, Cairo, Belfast, Libya, Paris or wherever. A good friendly company, with very few t0ssers. Good luck everyone.

FULL COPY OF LETTER FROM PJ MCGOLDRICK/WILLIE O'BYRNE

> Important Notice
>
>
> To all staff,
>
> I regret to have to advise you that all commercial aircraft operations
> ceased on the instructions of the board following their meeting today.
> Ferry flights are underway to redeliver all aircraft according to lessors
> instructions on a best endeavours basis. A review of the company's
> financial outlook clearly demonstrated to the directors that the cash
> position was critical and that contacts with various interested investors
> did not offer a reasonable prospect, in our honest opinion, of delivering
> funds into the company within a timeframe acceptable to the company's
> creditors.
>
> The source of TransAer's problems were:
>
> * The overhang from last year of losses arising from the war in Kosovo
> and its impact on the Greek, German and Turkish markets
> * The application to the US court in late September by TransMeridian
> Inc. for protection under Chapter 11 of the Bankruptcy code there. You are
> aware that TransAer has invested $20m over the life of this airline.
>
> The breakdown of merger discussions with HeavyLift Cargo Airlines which
> could have delivered funding and synergies, and in particular their
> withdrawal of a short term facility designed to bridge the airline until
> all aspects of the deal concluded, escalated a difficult situation to the
> present impossible circumstances.
>
> The tragedy of the situation for staff, shareholders and the company's
> wider stakeholders is that the company has returned to profit this year
> and is within days of finishing a successful summer season; operationally,
> commercially, and technically. Indeed TransAer has posted an operating
> profit for six years out of seven, but unfortunately did not have the
> financial reserves to withstand the shocks of Kosovo and TransMeridian's
> difficulties.
>
> Later today if it can be achieved, an application will be filed in the
> High Court in Dublin seeking the appointment of a provisional liquidator
> to conduct an orderly winding up of the company's affairs. At that stage
> the executive authority vested in the directors passes over as does the
> 'accountable manager' responsibility. We are handing over to his care an
> organisation, which is professional and capable and paid up to the month
> end. From hereon it must be his decision as to who he needs to retain, and
> for how long. He will also act as a guarantor of all our statutory rights
> including payment for work done after 31st October.
>
> In these circumstances, everyone will be concerned for their colleagues
> posted to away from base locations. We can advise you that rather than
> take chances with the attitude of the liquidator to this highest priority
> task, we have this afternoon put Donnybrook Travel into funds which will
> adequately cover all expenses incurred in bringing staff home.
>
> Finally, given the devastating implications today's development has for
> all our jobs, PJ has made arrangements with Barry Murphy in AIR to set up
> a placement assistance service. Without exception, TransAer's team of
> staff have displayed professional care and attention to their tasks and
> given the healthy state particularly of the Irish economy, we are
> convinced that new employment can be quickly found. More details on
> accessing this service will be made available on Monday.
>
> With the passage of time, our reflections on the TransAer experience will
> be balanced in terms of good times and bad. It is impossible for us today
> after the frantic efforts and long hours of the last week to be objective
> in that way. However it would be wrong to close this last formal
> communication with you as Executives without thanking you for all your
> support and hard work in a common cause. We are devastated that we have
> not been able on this occasion to find a way through.
>
>
>
> PJ McGoldrick, Willie O'Byrne
> Chairman. Chief Executive.
>
>
> 20th October 2000
>

[Thrush]

The link to the Irish Times story this morning is:
http://www.ireland.com/newspaper/front/2000/1021/fro2.htm

[BITE]

"runkari"

Well said!! Do remember that you'll also need to cross-index your entry under "G" with an entry under "T", as "Justin Abeaver" rightly pointed-out!!!

From what I heard recently, some seen-as prospective financiers for a certain L1011 operation decided that they could make a better return on their money by going to Las Vegas and playing the tables!!!

To the Transaer mob: A very sad day, my deepest sympathies to you all.

[jaguar]

WOB says it all

[A and C]

A sad day for all at Transaer,having gone down this path with Debonair only a year ago i feel for all involved,but you should all take encoragement from the fact that the economy is strong and that just like the guys from debonair you should all find jobs very quickly.

Good luck to you all.

[Wino]

Yeah,

Some of us who were directly competing with Transmeridian were suprised how long it took for them to collapse as well. I didn't realize just how much money they had pulled out of Transaer. No wonder it took so long. To bad Transaer couldn't cut the cord in time to save themselves.

Cheers
Wino

PS. Multi-X, Im gonna be in Manchester for a couple of days at the end of November, drop me an email so we can cooridinate.

[TTT]

It was a very sad day - although they were a little disorganised at times TLA were good fun and the flying was great.

Thanks guys and girls

[Multi-X]

Wino - let me know when you are over. I don't have your current email address.
Thanks

[Wino]

[email protected]

Now everyone can guess how I got my handle too <G>

Cheers
Andy (Wino) Weingram

[WHAT DO U ACTUALLY DO?]

Thought this may be of interest .......
<<...>>


--------------------------------------------- Important Notice


To all staff,

I regret to have to advise you that all commercial aircraft operations
ceased on the instructions of the board following their meeting
today.
Ferry flights are underway to redeliver all aircraft according
to
lessors instructions on a best endeavours basis. A review of
the
company's financial outlook clearly demonstrated to the directors
that
the cash position was critical and that contacts with various
interested
investors did not offer a reasonable prospect, in our honest
opinion, of
delivering funds into the company within a timeframe acceptable
to the
company's creditors.

The source of TransAer's problems were:

* The overhang from last year of losses arising from the war
in
Kosovo and its impact on the Greek, German and Turkish markets
* The application to the US court in late September by
TransMeridian Inc. for protection under Chapter 11 of the Bankruptcy
code there. You are aware that TransAer has invested $20m over
the life
of this airline.

The breakdown of merger discussions with HeavyLift Cargo Airlines
which
could have delivered funding and synergies, and in particular
their
withdrawal of a short term facility designed to bridge the airline
until
all aspects of the deal concluded, escalated a difficult situation
to
the present impossible circumstances.

The tragedy of the situation for staff, shareholders and the
company's
wider stakeholders is that the company has returned to profit
this year
and is within days of finishing a successful summer season;
operationally, commercially, and technically. Indeed TransAer
has
posted an operating profit for six years out of seven, but unfortunately
did not have the financial reserves to withstand the shocks of
Kosovo
and TransMeridian's difficulties.

Later today if it can be achieved, an application will be filed
in the
High Court in Dublin seeking the appointment of a provisional
liquidator
to conduct an orderly winding up of the company's affairs. At
that stage
the executive authority vested in the directors passes over as
does the
'accountable manager' responsibility. We are handing over to
his care an
organisation, which is professional and capable and paid up to
the month
end. From hereon it must be his decision as to who he needs to
retain,
and for how long. He will also act as a guarantor of all our
statutory
rights including payment for work done after 31st October.

In these circumstances, everyone will be concerned for their
colleagues
posted to away from base locations. We can advise you that rather
than
take chances with the attitude of the liquidator to this highest
priority task, we have this afternoon put Donnybrook Travel into
funds
which will adequately cover all expenses incurred in bringing
staff
home.

Finally, given the devastating implications today's development
has for
all our jobs, PJ has made arrangements with Barry Murphy in AIR
to set
up a placement assistance service. Without exception, TransAer's
team
of staff have displayed professional care and attention to their
tasks
and given the healthy state particularly of the Irish economy,
we are
convinced that new employment can be quickly found. More details
on
accessing this service will be made available on Monday.

With the passage of time, our reflections on the TransAer experience
will be balanced in terms of good times and bad. It is impossible
for
us today after the frantic efforts and long hours of the last
week to be
objective in that way. However it would be wrong to close this
last
formal communication with you as Executives without thanking
you for all
your support and hard work in a common cause. We are devastated
that we
have not been able on this occasion to find a way through.

PJ McGoldrick, Willie O'Byrne
Chairman. Chief Executive.


20th October 2000

[Justin Abeaver]

WHAT DU YOU ACTUALLY DO,

Hasn't Thrush posted this above?

[Nightflyer]

The collapse of Transaer brings to mind the passing of the following airlines in my career span: British Eagle, Court Line, Channel, Invicta, Donaldson, Lloyd Intl. Templewood, Laker, Danair, Air Europe, Redcoat, Pelican, Scimitar, Anglo Cargo, IAC, Transmeridian, Tradewinds, Air Wales, Ambassador, Air Manchester, Nova, BIA, Imperial, Orion, Euro Direct, Debonair, Excalibur and I've missed a few. Carl Ichan, who used to own TWA, once said anyone investing their money in airline is a fool.
Anyone thinking of buying share in Easijet when it floats should think again.

[Lance Sterling]

The Ryans appear to be getting the job offers out good and fast, so perhaps there is a small silver lining to all this

[Beavis & Butthead]

Sad news :) ... Reminds me of the day it happened to me. Don't think it will be but I hope it's the last for a long time!!

Good luck everyone at Transaer

[Beavis & Butthead]

Not being sarky ..... the smiles legend is not following orders which were to be sad ..... sorry!!!

[T.Please]

TransAer were just fine--lotta good people, and a high standard of professional flying.

Thanks to you, people of TransAer.

[freightdoggy dog]

Sad news indeed.Heavylift looked at the books and needed 15 years to pay off the debts,ouch!
The silver lining indeed for the folks on the bus is there are several operators recruiting in the U.K.I noticed todays banner for A300 guys and girls,Hilary will be busy!!!give us a light.

[trustme]

The problem with Transaer wasnt just what has been stated,management were to blame for mindless decisions and lack of fluidity in important areas of the operation.
At the end of the day if they had contracts coming up,the cash flow would have been in place.
People were put in positions of control when they had no experience and no man management skills.
Transaer had some of the best crew/Eng and ground staff you would ever want to work or socialise with.
I wish them all good luck in finding work.

[ItchyFeet]

Terrible news, hope you all get offers flooding in right away. I'll miss the friendly voices from the LAA A320's flying thru the Gulf. Slan go foill gach daoine.

[LB426]

All I can say is that we have had sooooo much fun the last few days and nights in typical good ol TransAer style,everyone has stuck together and are in good spirits.The partys have been completely later nuts.There will never propably be another airline like TLA our with such professional dedicated hard working people.Aidios muchachos.

[Flashgit]

Trustme....MF?

[This message has been edited by Flashgit (edited 25 October 2000).]

[T.Please]

Hear Hear, and thanks to Brittania, Ryanair, and other professional friends who helped in the repatriation of lost souls around the TransAer world. Faith in human nature restored!

[LB426]

Its LB426 calling my Tomangos comrade where are you we just left are you out there,and yes we were all out doin it TransAer style again.I am gonna miss my ops buddys so much it still aint sinkin into the brain yet,I still can,t believe TLA is gone.Enough said really!!!!!! Boo Hoo

[Shake&Bake]

I Hear ya. Where we go from here ?

[LB426]

Well shake its all on disk I sugest you should all look at it,thats what distroyed your expensive ship,and your crew.I want dcs and pratical manouvers by 0800hrs drop ship prep has 1000hrs move it people!!!

[Shake&Bake]

You heard the man and you know the drill !

[LB426]

Shake I can't believe you made it that easy,ya know me Im hard to get.Lets fire it up for one last time ya know what I mean!!!

[Shake&Bake]

You reckon you up for it ?

[LB426]

All I have to say is bay 12 please HA HA HA,hey sarge you'll get lip cancer from smokin those,a free night on the beer in Dublin to anyone out there who can name the movie,Tla ops where as good as these marines.

[LB426]

Shake you know it your on the express elevator to hell,goin down,someone wake up the kid............god knows he needs it!!!

[Shake&Bake]

LB you always were an A-hole. 17 days !! you aint gonna last 17 hours....Why dont you put her in charge ?

[LB426]

How long over due 17 days a thats great thats ******* great man get those motion trackers working,there on the way back from the greasy spoon hash browns in hand HOM!!!

[stoned operator]

I knew you guys would do it. All this abuse is never ending and we have a long w/e ahead.
I'm thinking of dressing up as Elvis on Tuesday night.. what do you think lads?

[Rastaman]

Alien 2, by any chance?

All I need to know is 2 things...

------------------
Irie

[Shake&Bake]

Well done Rasta, extra cornbread for you !.

Stoned. Roll on Tuesday night. Why Elvis ?Dont forget to invite the Liquidator !

[ACMI]

Knew you people would go insane if they let you out of your cave...! Almost finished filling in the portholes too....Mmmmmmm...

[T.Please]

Anyone putting together a contact forum, or simple list, so's we can stay in touch and help eachother. I'm not from Eire, same for many others, but we do miss DUB and the craick. Reunion/massive party soon?

[plinehan]

TransAer were a shower of cowboys.

Ex-colleagues aside, the company and
its so-called management, deserve
everything they get.

Paul...

[LB426]

T.Please and all other TLA staff there is company organised farewell bash this Tuesday in the A.L.S.A.A sports complex accross the the road from the airport.All welcome its going to be a rough session,so stay of the booze for the whole weekend and rest up god knows we all need it after all those sessions and partys last week,its Betty Ford for me on Wednesday!!!!

[NEED DRINK]

HEY HEY DRINK.......

[LB426]

Need drink relax you have to take it easy,save yourself for Tuesday and don't call me.Everyone is going to the GSH so Ive heard will we????

[NEED DRINK]

It would be RUDE not to.........

[LB426]

Don't know if I can to much to do have you asked shake&bake I don't think he'll get a diplo.Mad for it wants to go!!!!!

[NEED DRINK]

I don't know if the JD drinker is going, but you have no excuse......you know you want to.......make your mind up soon or I will I go out with my other friends......

[trustme]

Anyone tell me what MF!means?
Tuesday night sounds great?????
Getting my white suit cleaned!

[LB426]

Trust Me if you are who I think you are did you tell me a story once about that famous white suit???? Tuesday night will be a screamer,spread the word to all TLA'ers.

[LB426]

Yo shake you out there man,whooo those Murray magics where a bit to hot to handle the kid did an ALT F10 aswell aint like him to do that.Any more thoughts on Tuesday night??????? Come back on 8924,if ya know what I mean.Ya know the drill a-holes and elbows hicks come here come here!!!!!

[Shake&Bake]

LB
You gotta get out more, where's that bodacious ho of yours ? Get your AH to the LP ASAP ! By the way....TLH is gone ! where did it go ? Last I saw it was chocked by 2 snow ploughs. Not another midnight run.... Airport police, well done....who says lightin never strikes in the same place twice ?

[LB426]

How did you hear it was gone shake it was there the last time I looked.I think I know whoo,but I thought AR would notn release it unless lids were passed.God I can't belive the little hoar is gone I wish i was there on RWY 28 to send her off.Great memories for me in the last two weeks on that airplane ya know.SOB SOB

[minuteman]

I heard a TLA Airbus was sneaked out under a G reg.......by the time ATC spotted it...too late...
Pity to see them go, they had a tough year.

[VIKING9]

How many original TLAer's are there out there. I was there in 1992 when it was Forklift Airways with the diesel 8's. What happened to Orla Graham thats what I want to know - BABE !! :)

[trustme]

Last I heard Orla(the babe)Graham was still in the office sorting out the mess?
By the way I am not MF?

[CaptSensible]

Guys I s'pose you already know this, but SIA are advertising in Flight for A310 crews...just thought you might be interested.

[This message has been edited by CaptSensible (edited 09 November 2000).]