PPRuNe Forums - Vulcan XH 558 Threads (merged)

Sir George are you meaning Pleming's "between £60,000 and £70,000" salary shown in the last accounts, year ended Oct 2010 and £72,000 salary in the previous financial year or is there something more sinister than this excessive salary?

There is also a jump in consultancy costs from £63,168 in year end Oct 2009 to £114,207 in the year ended Oct 2010.

Does anyone know why the Vulcan to the Sky Enterprises net liabilities have risen from £255,052 to £490,745? Seems a big jump.

One other snippet from the latest accounts is "The trustees have estimated the remaining useful economic life of the aircraft to be 2 years and 9 months and the residual value to be £2m"

As I have said before more transparency as to where the money is going is needed.

srobarts

12th Oct 2012 17:10

This posted on the XH558 Faceprune page this afternoon.

Quote:

Vulcan XH558
It is with particular sadness that I have to tell you that we are planning that next year will be the final flying season for XH558, the world’s last airworthy Vulcan. At the end of the 2013 season she will need a complex and costly wing modification, but that isn’t the only challenge. We continue to explore ways to ensure that we can continue flying for longer, but the position today is that we cannot see how spending £200,000 of supporters’ funds on a short-lived airframe upgrade could be justified. To help explain this complex decision, we have put together a briefing document that you can read here: www.tinyurl.com/558FAQ. The team is now working hard to deliver one final, fabulous Vulcan display season and tomorrow I’ll post more details on how you can help. Thank you again for your support.
http://www.tinyurl.com/558FAQ
Home | Vulcan To The Sky

echogolfc.d.

12th Oct 2012 19:58

558 ish

I ve tried to make sense from the nonsense that is on vtst site. bottom line is assuming finances are available she maybe displaying next year. We shall see. Nite folks. need my sleep and this issue does not justify me staying out of bed when i ve got an early start.

PPRuNe Pop

15th Oct 2012 13:30

And this is what the Daily Mail is saying today.

Last Cold War Vulcan bomber to take final flight next year because of soaring restoration costs | Mail Online

cuefaye

15th Oct 2012 19:10

So the bowls are out again for one last session. Well done Dr P and one or three others. Presumably that'll keep you going for a few more holiday-years?

echogolfc.d.

15th Oct 2012 22:05

what do u

the stuff on website is garbage. only ting there bothered about is their retirement funds.
have fun peeps

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