Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

PAE

Old 3rd May 2021, 12:35
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PAE

PAEís B757 ferried to BNE a few days ago and rumour has it that the receiver had been called in.
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Old 3rd May 2021, 20:38
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PACIFIC AIR EXPRESS MSN 22211 PTY LTD Credit Report

It would appear so.
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Old 3rd May 2021, 21:15
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Originally Posted by Zinfandel View Post
PAEís B757 ferried to BNE a few days ago and rumour has it that the receiver had been called in.
Looks like once the work with qantas freight ended there was nothing to keep it going.
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Old 4th May 2021, 10:43
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If you canít make money with a cargo aircraft, in what is the biggest boom the air freight industry has ever seen, then you might as well pack up and go home.
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Old 4th May 2021, 10:45
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Originally Posted by davidclarke View Post
If you canít make money with a cargo aircraft, in what is the biggest boom the air freight industry has ever seen, then you might as well pack up and go home.
Obviously your sympathies go out to all affected...
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Old 4th May 2021, 11:16
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Off the subject, who has hired the UK registered DHL 767 freighter to operate in between Singapore and Melbourne with a tech stop in Darwin over the last week?
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Old 5th May 2021, 00:15
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Was the PAE 757 just a temporary contract? Thatís a shame if so, it was a good looking machine. Iím hope those involved land with their feet.
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Old 5th May 2021, 00:57
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Originally Posted by Duck Pilot View Post
Off the subject, who has hired the UK registered DHL 767 freighter to operate in between Singapore and Melbourne with a tech stop in Darwin over the last week?
It is doing Vaccine transports I believe.
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Old 5th May 2021, 06:11
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Join Date: Dec 2007
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That's not good. PAE had some GC's working for them - let's hope they can rise like a phoenix and grace the skies once more.
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Old 5th May 2021, 11:20
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Originally Posted by sid-star View Post
That's not good. PAE had some GC's working for them - let's hope they can rise like a phoenix and grace the skies once more.
What/who are "GC's"?
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Old 5th May 2021, 17:59
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Originally Posted by davidclarke View Post
If you canít make money with a cargo aircraft, in what is the biggest boom the air freight industry has ever seen, then you might as well pack up and go home.
I believe it was a victim OF the boom. The aircraft are more valuable now and a nervous shareholder saw there was more short term money in liquidating than operating.
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Old 5th May 2021, 20:38
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Originally Posted by Wizofoz View Post
I believe it was a victim OF the boom. The aircraft are more valuable now and a nervous shareholder saw there was more short term money in liquidating than operating.
Worried about the possibility of "trading whilst insolvent" perhaps?
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Old 5th May 2021, 22:48
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Join Date: Feb 2002
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Originally Posted by Wizofoz View Post
I believe it was a victim OF the boom. The aircraft are more valuable now and a nervous shareholder saw there was more short term money in liquidating than operating.

needs a C check, no EDTO, one potential engine issue [big bucks] and zero reserves. aircraft #2 stored in Hungary and engines in Spain
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Old 6th May 2021, 11:54
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Originally Posted by smiling monkey View Post
What/who are "GC's"?
I have heard an expression Good C you Next Tuesday's, maybe it's that?
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