European Business Jets
Join Date: Nov 2006
Location: United States of Europe
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the other XLS is/has been tech, tailplane damage in flight due to an insecure engine panel allegedly. not sure if its back in the air yet
so if you have one XLS on the Farnborough static display and one in the maint' shop yes that does affect avail...but it doesnt make you any money.....!! its called being grounded.........
so if you have one XLS on the Farnborough static display and one in the maint' shop yes that does affect avail...but it doesnt make you any money.....!! its called being grounded.........
Join Date: Feb 2006
Location: Cantab
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Grecian2000 - or perhaps it's called...erm........demurrage?
Don't think for a second that Cessna get owners to hand over their pride and joy for a week on a static with just a promise that their next purchase will come with a couple of free Cessna bomber-jackets thrown in?
Rope, money, for, and old.
TWJ
Don't think for a second that Cessna get owners to hand over their pride and joy for a week on a static with just a promise that their next purchase will come with a couple of free Cessna bomber-jackets thrown in?
Rope, money, for, and old.
TWJ
Join Date: Mar 2008
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5 days of daily minimums - at the least - with no fuel costs at all? Okay, lost revenue from charters but I daresay that that would be worth more than any charter revenue. Charter it in there, Charter it back out, take a weeks leave while you've got no aircraft available and your home and dry...
Join Date: Nov 2006
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Ah yes indeed, demurrage, but Farnborough comes but once every 2 years.....and only last 5 days.
Having an aircraft sitting on static once in a while is hardly a long term business plan.... or a sign of "doing something right" as was previously stated.... more a sign of..."this was negotiated as part of the aircraft purchase agreement....take what you can get....it wont need us to crew it...and its easier than selling charter....."
most other charter operators are out flying this time of year...its the conventional way of making money out of a charter operation......
Having an aircraft sitting on static once in a while is hardly a long term business plan.... or a sign of "doing something right" as was previously stated.... more a sign of..."this was negotiated as part of the aircraft purchase agreement....take what you can get....it wont need us to crew it...and its easier than selling charter....."
most other charter operators are out flying this time of year...its the conventional way of making money out of a charter operation......
Join Date: Jan 2008
Location: MAN
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I think it is a clever move by EBJ, a FAB stand is expensive. They got one paid for, their a/c paid for and a great Marketing/PR tool for a week for free. Invite brokers, potential customers and investors. If they planned this right they could have generated more business in one week talking then they could have flying.
Join Date: Aug 2003
Location: Stansted
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There is such a mix of opinion here. However how does a post get so long if its all boll&%s in the first place? Seems to me that something must be wrong to generate this much heat. How long can it last?
Join Date: Apr 2008
Location: South England
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As someone who is very interested in charter/fractional flying, I too am very interested in finding out what is going on with regards to employment and future plans for EBJ.
I think any new company; especially one involved in the aviation industry with have its teething problems. But from what I can gather so far, these problems are appreciated by the management and are being dealt with in order to further smooth their operation. I think being part of a new, growing and potentially very successful company is a very appealing prospect, especially for someone like myself. So... any further insight would be greatly appreciated...
I think any new company; especially one involved in the aviation industry with have its teething problems. But from what I can gather so far, these problems are appreciated by the management and are being dealt with in order to further smooth their operation. I think being part of a new, growing and potentially very successful company is a very appealing prospect, especially for someone like myself. So... any further insight would be greatly appreciated...
Join Date: Jan 2002
Location: london, UK
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we're not that new - it just seems to be the case that any problem we have gets paraded around on here. I dont think we have any more problems right now than anyone else in this bit of the market namely, it would be cheaper to fill the aeroplanes up with gold than fuel, our customers are constantly being offered great deals by our competitors (unsustainable, but great for now), and airports in europe seem to think that it should cost less to dock a cross channel ferry than a bloody CJ.
other than that, everything is peachy!!
other than that, everything is peachy!!
Join Date: Apr 2008
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The issues sound pretty standard then! It's a shame that the factors affecting the business are the ones that no-one can do anything about! Frustrating i can imagine.
Tom, sent you a PM. Not sure if its working though; been having some network problems here recently. For some reason our internet access goes crazy when it rains!?!
Tom, sent you a PM. Not sure if its working though; been having some network problems here recently. For some reason our internet access goes crazy when it rains!?!
Join Date: Jan 2003
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Flyby,
Getting back to the point, the year end accounts should be published this week, they should stop all the speculation, I'm sure it is a more accurate measure of performance than the number of type ratings done.
Let's just wait and see what the financials say before we decide how brilliant / awful they are.
Phil
Getting back to the point, the year end accounts should be published this week, they should stop all the speculation, I'm sure it is a more accurate measure of performance than the number of type ratings done.
Let's just wait and see what the financials say before we decide how brilliant / awful they are.
Phil
Join Date: Mar 2005
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EBJ Financials - shares suspended from trading
Extract of a statement from EBJ Top Brass:
Don't think the suspension is a bad thing in itself and, to be fair, protects investors. But, especially while other rumours abound, it's not a pretty picture and probably worth waiting before handing in your notice to go and fly for them....
Aircraft sold in fractional shares to clients are owned by Limited Liability Partnerships ("LLPs") with the fractional owners as partners, and managed by EBJ. In accordance with procedures established previously these LLPs had not been consolidated in the Financial Statements. On 30 September Baker Tilley informed the Directors that they had formed the opinion that these LLPs should be included in the Consolidated Financial Statements, on the basis that the LLPs are managed by EBJ.
Under these circumstances the Directors have agreed to prepare audited accounts for these LLPs and to include them in EBJ's Consolidated Financial Statements. These changes are estimated to take approximately three weeks to complete.
Under these circumstances the Company's shares are being suspended from trading under AIM Rule 19 until such time as the revised Financial Statements can be sent to shareholders.
Under these circumstances the Directors have agreed to prepare audited accounts for these LLPs and to include them in EBJ's Consolidated Financial Statements. These changes are estimated to take approximately three weeks to complete.
Under these circumstances the Company's shares are being suspended from trading under AIM Rule 19 until such time as the revised Financial Statements can be sent to shareholders.
Join Date: Feb 2004
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Getting back to the point, the year end accounts should be published this week, they should stop all the speculation, I'm sure it is a more accurate measure of performance than the number of type ratings done.
Join Date: Sep 2000
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The delay was down to the accountants. They have published a statement to that effect and apologised.
EBJ were simply let down by a third party supplier.
EBJ were simply let down by a third party supplier.