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Tequilaboy
30th Nov 2012, 11:33
Not really surprising sadly....

Business aviation company Jetalliance insolvent

The Austrian business aviation company Jetalliance Flugbetriebs GmbH has had to file for bankruptcy. Background is more than 6 million-euro tax and social RECOVERY. Moreover, the Wiener Workforce labor Überlassungs Ltd is in bankruptcy. The indebtedness amounts to EUR 1.3 million. After APA Jetalliance information is one of the main customers of workforce.


330 of insolvency creditors are affected. Image: SN / apa / ots (archive / gulfstream - Jetalliance)
Jetalliance was forced by the additional payment requirements to apply for reorganization proceedings with self-administration was informed on Friday. As the credit protection association KSV of 1870 reported are affected by the insolvency (bankruptcy debt EUR 28.9 million) 330 creditors.

The company, the business aircraft "chartered", wants a closure definitely avoid. Should not fold it, the liabilities could rise to EUR 55 million, writes the KSV, since in the case liability would beating.


The Jetalliance Flugbetriebs GmbH in Kottingbrunn himself has indeed made only 4 employees directly, a further 89 but employed a staff leasing company. The Vienna Workforce labor Überlassungs Ltd is now in bankruptcy, 180 employees will be affected by the bankruptcy. The indebtedness amounts to EUR 1.3 million and was established for uncollectible receivables from a customer at this altitude, the KSV on Friday.

After APA information is Jetalliance, about whose operations company was now a reorganization proceedings opened with self-government, a major customer of workforce. The outstanding debts to this company were the trigger of Workforce bankruptcy, they say.

The staff leasing company is mainly active in the airline industry. How comes next, was not visible from the bankruptcy filing, the company was responsible for the APA not initially reach. In 2011, the company reported a net loss of just under 15,000 euros, goes from the "company Compass" show.

EMB170
1st Dec 2012, 08:01
i guess, you had a whole bottle of Tequilla, reading this!

Booglebox
1st Dec 2012, 09:01
EMB170: Results of Google translate I think.

Eaglebaby
20th Dec 2012, 21:09
Haha very funny but the matter is serious, can anybody send a better translation?

ALTSEL
27th Dec 2012, 07:07
was Capt Holler still part of this operation at its demise?

EMB170
27th Dec 2012, 08:26
hasn't been for years.
flying airbus somewhere, they haven't heard of him before, i think Vietnam, poor bastards !

Pittsextra
27th Dec 2012, 08:49
As soon as your company engages in motorsport sponsorship its the beginning of the end.

Armchairflyer
27th Dec 2012, 10:58
Voilà in more usual English:
FC Business Aviation News - Jetalliance Flight Operations Austria Files for Insolvency (http://www.fly-corporate.com/content_news.php?mynews=4709)

Booglebox
27th Dec 2012, 12:33
Seems like a bit of book-cooking gone wrong.
Shame - companies going bust like this is bad for all of us :(

uberwang
7th Jan 2013, 10:08
It would appear that LLH is fighting.. Maybe time to give up the ghost?

Coolmore M.
8th Jan 2013, 07:30
Would be interesting to know how is the set-up of other companies in Austria.

uberwang
11th Jan 2013, 15:32
They appear to be sending out job information still. What's the latest? Can't be all that bad can it?

skylog
7th Aug 2013, 08:04
Is JetAlliance still in operation? Does anyone have any update on the status of this company?
Thanks in advance for any input :ok:

FLEXJET
7th Aug 2013, 13:51
They still exist and operate but at a much smaller scale. They operate a rather small feet of Citations:
Fleet (http://jetalliance.at/charter-ac-management/fleet/)

I am not sure about the managed aircraft business, maybe a few are left as well.

CEQforever
8th Aug 2013, 13:48
And 50% of what's mentioned on the fleet page is also already gone.