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According to the City of Karratha Council Minutes, Jetgo had already been paid $847,000 up front |
They weren't able to pay their staff for May, yet the CEO has the audacity to write this on the Dubbo Council FB page? Good riddance...
Bullcrap. Jetgo tried their hardest to negotiate with the council right up until days before the administration. Michael McMahon and Ben Shields refused to even accept payments in advance for passengers that were scheduled to be transported and in addition an offer to pay the debt down in 12 months was also rejected with zero counter offers considered. their response to our offers were a flat "No" This can be confirmed by asking the Sydney based Lawyers they instructed (Yes Sydney based lawyers not even local lawyers) The disappointing result to this is that over 100 people that love Jetgo and rely on it for their families are out of a job tonight. This was also brought to the attention of the council to the mayor. The part that is the hardest to understand is that all the other airports were happy to work with us with payment arrangements except Dubbo. The rate payers need to ask why to this day even Rex have a beef with Dubbo Council to the extent that they have had a post on their website homepage for years now. Thanks Ben and Michael I hope you are happy with the result. We offered to pay, you refused to accept it |
This looks to be a very messy situation, and like most start ups, majority of their equipment would be leased no doubt, so no physical assets. I doubt many people will be getting their money back.
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wishiwasupthere, ARSON also had the audacity, in the timeframe that this was planned, to allow pilots to spend 40-50k getting endorsed. From what i am told 6 haven't even been checked to line yet. ARSON also had the Audacity to allow numerous oceania personnel to leave their employment and start up ground services for JGO knowing that JGO would be requesting administration. ARSON have no place in business let alone aviation. J's comment to his employees "your covered by FEG" ....UTTERLY DISGRACEFUL
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Originally Posted by cptyoumustlisten
(Post 10163752)
wishiwasupthere, ARSON also had the audacity, in the timeframe that this was planned, to allow pilots to spend 40-50k getting endorsed. From what i am told 6 haven't even been checked to line yet. ARSON also had the Audacity to allow numerous oceania personnel to leave their employment and start up ground services for JGO knowing that JGO would be requesting administration. ARSON have no place in business let alone aviation. J's comment to his employees "your covered by FEG" ....UTTERLY DISGRACEFUL
A new start up, very low number of aircraft and the type involved numbers in use and locations in region - makes for a high risk investment. |
Didn’t this guy also go down with a company called Singleton Airways or the like? |
At least they had a crack, had a go. Trying to offer something different. The biggest challenge in aviation in Australia is not the environment or the economics, but the number of people who go out of their way to cut down someone who is having a go |
Who went out of their way? All the people who bought the b/s and are now owed money?
The biggest challenge aviation in Australia faces is people who are fast and loose with the truth and cavalier attitudes to other people's money. |
A new start up |
The biggest challenge in aviation in Australia is not the environment or the economics, but the number of people who go out of their way to cut down someone who is having a go Tiger was esssntially skinned inside and out by critics. They survived continually because they had the cash sources. What is low, is execs reassuring staff and media in the last month that everything is fine. Did they not see what happened to Michael James? He went into hiding because of his lies. No respect for these people. |
Originally Posted by Vref+5
(Post 10163864)
At least they had a crack, had a go. Trying to offer something different. The biggest challenge in aviation in Australia is not the environment or the economics, but the number of people who go out of their way to cut down someone who is having a go I know I speak for many who ARSON & co. have left in their wake over the years when I say good riddance. |
Originally Posted by Icarus2001
(Post 10163868)
Five years ago. 5 years is new & have they been RPT that long? |
Originally Posted by Vref+5
(Post 10163864)
At least they had a crack, had a go. Trying to offer something different. The biggest challenge in aviation in Australia is not the environment or the economics, but the number of people who go out of their way to cut down someone who is having a go |
Originally Posted by smiling monkey
(Post 10162025)
I guess it's official if it's one their Facebook page. JetGo is gone.
https://www.facebook.com/JetgoAustralia/ All very sad, particularly those out of a job, and those who paid for endorsements, but who is actually surprised by the outcome. Tootle pip!! |
Originally Posted by Vref+5
(Post 10163864)
At least they had a crack, had a go. Trying to offer something different. The biggest challenge in aviation in Australia is not the environment or the economics, but the number of people who go out of their way to cut down someone who is having a go |
Anyone with a bit of common sense will know that expansion without consolidation is a very high risk business model. Bunnings UK and Masters Australia are good recent examples.
Opening new stores or buying more planes before the ones you already have show a solid return is not a good idea. |
Wheels down, Tiger survived because they they were sold to Virgin for one AUD!!!!!!!!!!!!!!!!!!! |
Didn’t this guy also go down with a company called Singleton Airways or the like? Paul Brederick had Tamair, based in Tamworth, which was a flying school and charter show up to Metro RPT. Was a big outfit but went broke in about 1996-1997 IIRC. It'd be interesting to plot the failure of hitherto successful GA businesses against economic cycles and see if there is a pattern. Advance Airlines Cirrus Airlines, anyone? Country Connection ex Cootamundra Yanda (ex Singleton Air Services) - not broke but quit rather than go broke fighting the regulator Airtex Whyalla Tamair had that major fatality in a Metro at TMW at night Advance had the KingAir at SYD Airtex had the Mojave Whyalla had the MKK incident Yanda & Country Connection got squeezed out by SYD pressures and Airlink only survived because the owner was such a hard smart bastard and went to B1900 at the right time. Who was it at Lockhart River again? ....then there's the demise of all the AN affilliates, beyond their direct control somewhat. |
Simon Waters
Does anybody know who or what this individual is? Claims to be taking on the world....as per channel nine news
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They lost me right about here.... the company was established by Commercial pilots |
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