European Business Jets
Join Date: Aug 2003
Location: The Jack Fairman
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Its not unusual to have a meeting with your FOI. In fact with some FOI's its so hard to get a hold of them maybe they were throwing a party!!
Seriously, could have been many many reasons, none need be sinister.
Seriously, could have been many many reasons, none need be sinister.
Join Date: Oct 2008
Location: London
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New on here and was very keen to run through the latest messages about EBJ as I recently sent them a CV
Question ..............
Anyone know why CJ1 G-OEBJ and CJ2 G-EEBJ are both for sale. Both aircraft hit the market the same day. G-OEBJ is shown as owned by EBJ themselves but G-EEBJ is run by EBJ but is owned by one of there investors so I believe.
mmm wonder whats going on or anyone can throw light on the situation.
According to one of my sources I hear both were sold to them by the same UK dealer or broker but I dont know who. Not sure if they are selling them again or not though.
Thoughts ????
Question ..............
Anyone know why CJ1 G-OEBJ and CJ2 G-EEBJ are both for sale. Both aircraft hit the market the same day. G-OEBJ is shown as owned by EBJ themselves but G-EEBJ is run by EBJ but is owned by one of there investors so I believe.
mmm wonder whats going on or anyone can throw light on the situation.
According to one of my sources I hear both were sold to them by the same UK dealer or broker but I dont know who. Not sure if they are selling them again or not though.
Thoughts ????
Join Date: Jan 2003
Location: Bristol
Age: 54
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It's not always a sign of a problem, we had rumours running about our imminent demise when we had a couple of Senecas and a Kingair for sale. The reality was the Senecas were for sale to roll the cash in them into a CJ and the Kingair owner was upgrading to a CJ2.
Airframes are a commodity, if you don't have the demand or can get a better return on a different airframe type you just roll the equity into something that your company does need, like cashflow or a different type.
The accounts are out next week, this may well just be retrenching to deal with the changes in the current financial market, smart business' will be reducing debt and overhead, it's the ones that are increasing debt and overhead I'd be more worried about.
This may be a situation of smoke without fire, or we may find out next week that there's an inferno, let's wait to see shall we, if losses have increased in line with turnover then it becomes obvious that the model does not work, however if a company doubles turnover and has cashflow problems then they are just like every other growing business in the world.
Airframes are a commodity, if you don't have the demand or can get a better return on a different airframe type you just roll the equity into something that your company does need, like cashflow or a different type.
The accounts are out next week, this may well just be retrenching to deal with the changes in the current financial market, smart business' will be reducing debt and overhead, it's the ones that are increasing debt and overhead I'd be more worried about.
This may be a situation of smoke without fire, or we may find out next week that there's an inferno, let's wait to see shall we, if losses have increased in line with turnover then it becomes obvious that the model does not work, however if a company doubles turnover and has cashflow problems then they are just like every other growing business in the world.
Join Date: Feb 2007
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Yes they are in the fractional program.
EICGO - I heard there were more than one FOI's visiting. Something is not right here and for the sake of the employees, and there are some cracking ones, I hope it pans out but I'm not sure the money men will pour funds in forever.....
EICGO - I heard there were more than one FOI's visiting. Something is not right here and for the sake of the employees, and there are some cracking ones, I hope it pans out but I'm not sure the money men will pour funds in forever.....
Join Date: Nov 2000
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Accounts surely due
Does anyone know when these accounts will finally be produced. Interesting to note that whilst the rest of the market is dropping like a teenagers bo**ocks, they have maintained a steady mid 90p. All a little odd, especially the fact that the accounts issues were only recognised on the day they were due to be submitted.
If memory serves, Monday will be the 3 week mark since shares were suspended. I can only assume that if they are not made public on Monday, dark days lie ahead.
I would love to stand corrected as it is never nice to see other pilots lose their jobs, especially the way things are at present.
If memory serves, Monday will be the 3 week mark since shares were suspended. I can only assume that if they are not made public on Monday, dark days lie ahead.
I would love to stand corrected as it is never nice to see other pilots lose their jobs, especially the way things are at present.
Join Date: Jan 2003
Location: Bristol
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Euphoria,
Share trading was suspended, this means that they are not being traded, therefore no share price - if you can't buy or sell them they have no value.
Am I not right in thinking that the .9 share price is just under a penny, not a pound?
I can't he;lp thinking it a bit premature to expect the accounts to be out by 08:04!
Phil
Share trading was suspended, this means that they are not being traded, therefore no share price - if you can't buy or sell them they have no value.
Am I not right in thinking that the .9 share price is just under a penny, not a pound?
I can't he;lp thinking it a bit premature to expect the accounts to be out by 08:04!
Phil
Join Date: Nov 2005
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Just out of interest is EBJ listed on the AIM stock market?
Only reason I ask is that the price quoted on AIM will be the value of the last trade. I would also imagine with a small company like EBJ that a very large number of the shares are owned by owners, employees or close members of both. As I doubt they would sell their shares the price will remain fixed regardless of how the company is doing, Thus suspension can occur.
Only reason I ask is that the price quoted on AIM will be the value of the last trade. I would also imagine with a small company like EBJ that a very large number of the shares are owned by owners, employees or close members of both. As I doubt they would sell their shares the price will remain fixed regardless of how the company is doing, Thus suspension can occur.
Join Date: Nov 1999
Location: Asia
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It's all over.......
CJ2 mate of mine got a call on his mobile whilst in the aircraft and told not to get airborne from Biggin Hill at 1700 local.
EBJ obviously hung on as long as they could......just hope they manage to pay the outstanding expenses owed to almost all their crew.
The very best of luck to all their loyal crew now looking for work.
Arkwright.
EBJ obviously hung on as long as they could......just hope they manage to pay the outstanding expenses owed to almost all their crew.
The very best of luck to all their loyal crew now looking for work.
Arkwright.
Join Date: Feb 2006
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Operations were indeed suspended today.
I'm sure there's more mileage in this story yet; but hijacking the thread slightly, if anyone has any vacancies for good Bizjet staff (both in the air and on the ground), now's the time to step forward.
PM me and I'll pass on as appropriate.
Great to work with all of you - I really truely mean it.
Steve Finch
Operations Manager
European Business Jets
(I'll miss that sign-off)
I'm sure there's more mileage in this story yet; but hijacking the thread slightly, if anyone has any vacancies for good Bizjet staff (both in the air and on the ground), now's the time to step forward.
PM me and I'll pass on as appropriate.
Great to work with all of you - I really truely mean it.
Steve Finch
Operations Manager
European Business Jets
(I'll miss that sign-off)
Join Date: Jun 2008
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Good Luck
I'd just like to wish all the ground staff and aircrew of EBJ the best of luck they have all been truely professional to the end best of luck guys and girls.
Any OP's jobs PM me.
Any OP's jobs PM me.
Join Date: Dec 2007
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To all my friends,
Thanks for the great laughs and good times at EBJ! Your all a good bunch of people and I will truely miss you all.
Halfway through a Pilot Sponsorship which is no longer! Can anybody help??!!
Thanks guys Adrian
Thanks for the great laughs and good times at EBJ! Your all a good bunch of people and I will truely miss you all.
Halfway through a Pilot Sponsorship which is no longer! Can anybody help??!!
Thanks guys Adrian