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Bluestream Ceases trading?

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Old 17th Mar 2009, 22:44
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TSandPS - Is it possible to suggest that being an incredibly successful stock-market speculator does not necessarily make one an "incredibly sharp, canny businessman"?

G-RSXL was operated privately and exclusively for the owner who wanted it based at FAB. Occasionally MAS/BlueStream did get away with the odd movement with other aircraft when RSXL wasn't moving - not often though. I believe it is still flying, not sure who exactly is operating it.

Re, the Challengers (registered owner "MP Aviation LLP"): Rumour I heard was that it appears that one of MP's lawyers is looking into finding a new home for them. Let's hope they are successful.

Another rumour I heard was that JM was busy with his appeal against the summary judgement against him.

Last edited by wiggywoo; 18th Mar 2009 at 19:21.
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Old 18th Mar 2009, 08:52
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Even after the departure of JM, MP then put his faith in more incompetants that ruined something that could have worked if run properly.
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Old 19th Mar 2009, 08:58
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The 604's going to a new home??? i dont think MP's lawyers fully understand or know what is involved in doing this, it could take months, so wish them luck!!!!! If they paid the people who could help with this they may get things moving a bit quicker???
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Old 19th Mar 2009, 09:20
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I know, if true, the suggestion is completely laughable. I'd love it to happen for the sake of the 604 crews lookng for work, but I can't believe it will happen without help from experts.

Actually, it's almost as laughable as the suggestion that "all the directors will tun up to a meeeting of the creditiors within 10 weeks of the Administrtors appointment to answer questions on the company's actions".

Know what Silvershark....I wouldn't mind betting we've worked together recently.
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Old 20th Mar 2009, 13:43
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[FONT='Calibri','sans-serif']Come on you know you did... The laughable thing is that you two suggest that you could help to sort thing out..... I thought you tried that and look where they are know. [/FONT]
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Old 20th Mar 2009, 16:29
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Aw busted! You are correct on your first assumption but compleeeeeetly wrong on the second. Neither of us has been involved in trying to sort things out.

My previous post suggested that, in my opinion, the idea of a financial lawyer trying to sort out the paperwork for transferring ownership/management/maintenance (whichever is applicable) of three C604's (if true) was laughable and the help of experts would be required. There are many places such professional expertise could be found. I can think of two, perhaps three, BlueStream ex-employees who could aid the process most expeditiously if asked and paid. I am not one of them. To the best of my knowledge, those that are, have not been asked.

Meanwhile, aircraft sit on the ground, out of maintenance, racking up huge bills and with mortgages to be paid. The crew that could be flying them in their new home are out-of-work and also have their own mortgages to pay.

There seems to be a lack of motivation and direction. Maybe that has been the problem over recent months?

Last edited by wiggywoo; 20th Mar 2009 at 18:14.
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Old 20th Mar 2009, 18:53
  #47 (permalink)  
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Hmmmm. A one-time poster pops up and is 'pro' the bad guy(s). This has some entertainment potential.


 
Old 21st Mar 2009, 09:42
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No one was allowed to try and help or make a suggestion, as the incompetants had there own little agenda and plan that all went wrong, it didnt really help that all involved at the top are born liars.
And no i have not been asked to help either , so who ever you are time ticking i would wind your neck in
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Old 21st Mar 2009, 11:00
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Flinty,
I agree, this is a real opportunity for some humour, bring it on
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Old 21st Mar 2009, 21:33
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I think the ex employees at Shoestring (BS) who have been waiting for their P45's and monies owed are in dire need of some light humour... and cash...
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Old 22nd Mar 2009, 08:16
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All out of humour but some cash would be most welcome
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Old 23rd Mar 2009, 23:45
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You are right, nobody was asked to help...thats correct thats why everyone was pitching in stupid hours to make it work and then you had the middle level employees that thought they owned the place....

Companies go bust, FACT OF LIFE. The ins and outs of this and that, nobody will ever know. Unless you do, if so please share! Because the constant they are this they are that etc etc means nothing, give us FACTS!

It didnt work, the market dried up and there was

END OF

Yeahright - keeps on living the dream
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Old 24th Mar 2009, 07:56
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Humour

Oh look Flinty, another one! Bet you are glad you never took that job!

Apologies YeahRight, you are obviously better informed than me. Who exactly is helping with paperwork for moving the C604's?

Regarding facts: what plans were implemented to safeguard the company when things were slowing down; other than grounding one aircraft and encouraging one new employee to self-fund an C604 T/R and employ him 10 days before shutting the whole 604 operation? I also refer back to my previous post:
  • Challenger crews and most of ground ops laid off with no regard to employment law or redundancy procedures
  • No intent of paying what is contractually owed (ie lieu of notice, redundancy)
  • Staff Company Handbook being removed from Intranet site before redundancy noticed issued
  • No employees have been paid since December
  • Several of the crew left with company expenses on their personal credit card (at least two I have heard of well in excess of £10,000)
  • No communicaton from the Directors since January - allegedly under direct instructions from the Chairman's lawyers
  • No P45's issued
  • No references issued (with one or two exceptions) - allegedly under direct instructions from the Chairman's lawyers
  • The latest Director/Accountable Manager has, perhaps, "done a runner"
  • Now, the administrators are sitting on the claims from the NI fund
Any of those facts you care to disagree with? Regarding other "ins and outs", hopefully the Administrators and bankruptcy court will help get to the bottom of it - because I don't believe it is just down to "market-forces" and would really like to know if that is true.

Please, just because (I assume) you have been sitting in Horley for the past couple of months, don't forget about the other people who have sweated blood for this organisation in recent past. Just a shame those in charge appear to have not been pulling in the same direction for well over a year.



Aaaaaayyyeee thankyou. I'm here all week!!

Last edited by wiggywoo; 31st Mar 2009 at 10:20. Reason: I'd forgotten about the Staff Company Handbook.
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Old 24th Mar 2009, 08:06
  #54 (permalink)  
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wiggywoo, you are not wrong my man. There but for the grace of a god that I don't believe in, go I.

Showing my ignorance here but would someone who knows the ins and outs (oooer missus) of the court case care to fill me in (oooer again)? PM is fine if you prefer.

Now, back to the show.
 
Old 24th Mar 2009, 11:11
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Ahh, You got me, none of those I would disagree and was not what I meant, that was all AFTER the failing. Im talking about the actual cause of failure.

With regards to who has been tasked to help with the transfer I have no idea.

You should not assume mr WiggyWoo , seeing as im located actually in the Midlands. Bit of a commute down to Horley I'd say! Just have a close friend in the old bluestream clan. One im sure that you know.

With regards to sweating blood, I have heard that many employees did anything they could, yet some did nothing. That does not mean that they shouldnt get paid to say the least, sitting here going on about how it failed etc is not going to bring it back, shall we not just wait for the facts to be released ??

Have a nice day

cheers
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Old 24th Mar 2009, 15:29
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You've got me bang to rights too! I shouldn't assume.

Mind you, you have assumed I am "Mr" wiggywoo

I have to agree, lets wait for the facts - there's far too much to speculate on.

Bottoms up!
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Old 25th Mar 2009, 11:12
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Ahh damn got me, apologies if you are not a "mr".

Thats all, Im sure the facts of the matter would give us much more too talk about!

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Old 25th Mar 2009, 19:20
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Anyone have any idea how to contact MP's legal counsel ?
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Old 26th Mar 2009, 09:01
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Yes, but pointless as all you will be told is that it is all in the hands of the administrators. "All secret squirrel!!!!"
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Old 26th Mar 2009, 17:55
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I would like to put my 2 pennys worth in now. being the stupid fool that went and did a C604 rating to join this company, and having now writen that £22000 off, I can tell you that I had a few conversations with MP's legal council and she said a fair few things to, and even asked me to help sell MP's plane. she also asked me for some advice and I put her incontact with some very experianced guys who know how to run companies and have the respect of the CAA, I was contacted by a friend who was happy to put work towards bluestream on the C604, they had work in a few areas and have a good reputation, needless to say that Mp's office took this no further and so we all lost out, its a shame. I really think that some good could have come out of this.

I am now lucky enough to have found a job flying 757/767 again, I really hope you guys find somthing soon, How ever be prepared for a few probs I have just found out that PM never sent any of my details to the tax office and also Grant Thornton had no record of my working for the company, needless to say I have proved this to them wth a copy of my roster and tec log page from my 1.5 hrs flying that I did, the most costly flight I have ever taken 22k. Im hoping that will help me get some money from the gov NI fund.

I will be happy to go to the creditors meeting and look these guys in the eye and ask a few questions. I tried to return my uniform and stuff but was told not to bother by the blokes in the office, again Grant thornton were not happy to be told that, and Im sick of hearing that PM and CW wont talk to us because they have been told not to by GT and others that is total BS, they can talk to you but dont have the Balls to, it shows what there made off, and I think we all know what that is, somthing you find in the gutter having just stood in it.

On a brighter note | have been cotacted by a c604 operator who need some crew, im sure some others have if not find my name on the bluestream contact list and call me, i will tell you who it is.

Sorry if my spelling is a bit bad but im having a beer as I type this.

Cheers guys and good luck.
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