Yeh gov, I know that you know SFA thats for sure. So are you an ex Macair employee? or have you been to the creditors meetings? Just tell us everything you know. Maybe you are Mr Burt/Byrt/Bert? Lets see now, Terry Burt is Macair's biggest creditor is he? So maybe you can just let us all know the creditors list break-down from the last mtg. And if you are ex Macas Pilot, then you would have been at the last half-dozen staff/management meetings, and known that Burt couldn't raise a fart. No-one would touch him.I contacted Anna Bligh's office in the weeks leading up to the crash. It was explained to me by her advisor that the govt had done a due dilligance on Macair with the view to bailing it out. What they found was that the alleged $7M required to prop the company up, was not quite the truth. It was so far gone there was no way they were getting involved. As much as I was a total sceptic at the time, and gave the guy heaps, it now looks like they were dead right. The last outstanding debt figure they quoted was $42M and rising. And most of that is Terry Burt is it???? I sincerely believe that Burt would have done anything to save Macair. I have no doubt in my mind that Macair was his pride and joy. But he couldn't raise a cent. The execs were desperate at all of those staff meetings, because there was no cash on the horizon. So how then Gov do you explain that he can suddenly find the cash to buy/start a new airline? He goes through all the usual publicity BS and the whole thing falls through again. Then he's up on fraud charges. Then theres the Monto thing.....Yeh Gov, I have no idea why anyone would compare Terry Byrt with Peter Foster!!!! Give it up bud, your either him or his gay lover aren't ya???

Dream on FATCAT!!!
 

You must be smokin the same pipe T.B was smokin the day the guy bought M..Air . Im sure all the meetings you have been to have told you the company was insolvent since 2006. Makes alot of sense to say that was TBs doing. You are so full of hot air, making statements like you are. For God sake the guy bought the business of a crook that was so cooked and the dept was so far gone what hope did he have.:=

Yeh Gov, you sure must be one of the above. Its just so obvious. The company was insolvent, he bought it insolvent, he's insolvent, and now he's trying start another airline....with what? And he's up on fraud charges and also being sued over possibly mixing up which tenemant he advertised to a buyer. Thats nothing like Ptere Foster. Maybe he could pay off the current creditors might be a good moral start, before he goes and starts another airline. If YOU had any morals Gov or knew anything about aviation you'd know last thing we need in aviation is scammers, fraudsters and airlines with cashflow problems. Somewhere I think I read that there may have been an airline or two that killed a few people because they were broke?? Sure I heard that somewhere. Luckily Macair was one of the rarities that didn't pressure pilots into flying unsafely despite having no cash. That was due to the staff below him. Will his next company be the same??? Pretty straight forward comments really Gov. If you can't see any logic in them at all then maybe you are just full of it too.

Although 42 mil is nothing to sneeze at the last SAW creditors meeting the administrators stated that they have a current liability to creditors of $79mil!! That is after operating for less than two years. You think TB had no idea bout running an airline.... look at the joker who ran SAW into the ground and started digging.

Guru Fatcat
 

You seem to know an awful lot about nothing. Are you now a mining guru or do you just believe all you read. The Qld Gov sunk MacAir , buried it real quick so that T.B didnt come at them for not doing any do dilegence on the company before giving MacAir the contract. Given that dont you think it makes sense to say that If they had Macair would not have been around for TB to buy. Who is the crook in all of this RM .

Creditors being chased
 

Rumour has it that some of the major creditors who claim they are still owed money are being taken to court by the liquidator for preferential payments. Hopefully some of the small businesses will get some money and the bigger ones have to hand some back. Maybe some of the aircraft owners? Oh, the Qld government had nothing to do with MacAir's failure - a convenient excuse.

TheOtherGuy,

Would not surprise me in the slightest if the CEO gave preferential payments to the big boys. He stated on numerous occasions that he had made "numerous" personal guarantees to some creditors but at both Creditors meetings he could not recall to who and what they entailed. Hope the Liquidator is also intending to take him to court also.

If they get anything back they will burn it up with their own fee's.

does the word WOFTAM mean anything ........ :rolleyes: