Air Partner Private Jets
Join Date: Jan 2008
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Looks like you were right x933 ...
Not sure what the outcome will likely be now - will they be bought and sorted before anyone notices the admin's are there - will they dissappear, will the parent company bail them out (surely?) ?
Thought you might be a bit more up on this Phil ... Where's the axe now EGHI ?
Sad news, hope all works out for those involved. Wrongly timed with the Recession.
Not sure what the outcome will likely be now - will they be bought and sorted before anyone notices the admin's are there - will they dissappear, will the parent company bail them out (surely?) ?
Thought you might be a bit more up on this Phil ... Where's the axe now EGHI ?
Sad news, hope all works out for those involved. Wrongly timed with the Recession.
Join Date: Aug 2004
Location: 14 days away 14 at home
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It is official....
Air Partner H1 pre-tax profit slumps 77%
Tue 16 Mar 2010
AIP - Air Partner
LONDON (SHARECAST) - Private jet firm Air Partner said half year pre-tax profit fell 77% after tough trading conditions both at Air Partner and within the wider aviation sector.
"This economic backdrop particularly impacted the Private Jet Operating Company at Biggin Hill which reported losses and negatively affected the larger group," said Air Parter in a statement.
The group has since decided to close the PJOC and the subsidiary has been placed with administrators.
For the six months ended 31 January 2010 group pre-tax profit slumped to Ł1m from Ł4.3m the year before. Revenue for the period fell 7% to Ł95.0m.
Chairman Aubrey Adams commented, "The board has taken decisive action to reduce overheads and ensure that the group is well positioned to return to growth as the market starts to improve.
Looking ahead Adams noted, "The air charter market remains extremely challenging, but we are seeing tentative signs of some recovery in the fourth quarter."
Tue 16 Mar 2010
AIP - Air Partner
LONDON (SHARECAST) - Private jet firm Air Partner said half year pre-tax profit fell 77% after tough trading conditions both at Air Partner and within the wider aviation sector.
"This economic backdrop particularly impacted the Private Jet Operating Company at Biggin Hill which reported losses and negatively affected the larger group," said Air Parter in a statement.
The group has since decided to close the PJOC and the subsidiary has been placed with administrators.
For the six months ended 31 January 2010 group pre-tax profit slumped to Ł1m from Ł4.3m the year before. Revenue for the period fell 7% to Ł95.0m.
Chairman Aubrey Adams commented, "The board has taken decisive action to reduce overheads and ensure that the group is well positioned to return to growth as the market starts to improve.
Looking ahead Adams noted, "The air charter market remains extremely challenging, but we are seeing tentative signs of some recovery in the fourth quarter."
Join Date: Nov 2002
Location: Hogwarts
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I don't suppose there are any thoughts out there for the great, hard working, professional group of people that worked for APPJ that have been dumped in the last couple of days whilst you are all so busy making your smart remarks.
Well done all ex employees of APPJ, you always provided a great service to be proud of, you are a smashing crowd and good luck for the future.
D
Well done all ex employees of APPJ, you always provided a great service to be proud of, you are a smashing crowd and good luck for the future.
D
Sadly Ladies and Gentlemen humour, however intended, is seldom appropriate or welcome at such times.
I speak as one who was victim to a company collapse some 17 months ago. Yes the vultures and crows circled and picked at that one before and after too. There are still several people still to find work.
Good luck to one and all.
I speak as one who was victim to a company collapse some 17 months ago. Yes the vultures and crows circled and picked at that one before and after too. There are still several people still to find work.
Good luck to one and all.
Join Date: Sep 2005
Location: Crawley
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If they have to rely on the Current Administrator to find a Buyer then God help them.
"Total Prize Prat" - that's a bit unfair! I'm doing my best - there's not that many other insolvency practitioners that really understand aviation. Read my report when it's published in a few weeks time to get the true story - though I have to say there's no scandal - just the fall-out of the mess the bizjet economy's in.
Join Date: Mar 2010
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Privet
Take it easy, life is too short! Have you heard of the word humour?
I think 'P45' wipes out humour ?!
Maybe a little more thought and compassion ? Best of luck to all the guys, hope things turn out OK for you 
Take it easy, life is too short! Have you heard of the word humour?
I think 'P45' wipes out humour ?!
Maybe a little more thought and compassion ? Best of luck to all the guys, hope things turn out OK for you
Join Date: Nov 2001
Location: Where the Money Takes Me
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Benemack quote - "I'm doing my best - there's not that many other insolvency practitioners that really understand aviation"
Hmmm....if tin twitching is experience and understanding of aviation then you certainly have it!
Good luck AP personnel - one hope´s this time my cynicism towards this particular IP will be unfounded.
Hmmm....if tin twitching is experience and understanding of aviation then you certainly have it!
Good luck AP personnel - one hope´s this time my cynicism towards this particular IP will be unfounded.
Join Date: Apr 2009
Location: London
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oh dear Mr JB (Md), see what comes around goes around, i hear tescos are loooking for trolly staff.
To the other great staff at the office and skys i wish you the best, you have always been great to work with.
To the other great staff at the office and skys i wish you the best, you have always been great to work with.
Join Date: Feb 2006
Location: FL430
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I would like to add my best wishes to all those from APPJ, Ops, Engineering, Sales and Crew, you are all a fantastic bunch. My heart fealt thanks for the time I got to spend with you all and my thoughts go out to all of you. Good luck!
You are all exceptional.
You are all exceptional.
Join Date: Dec 2006
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oh dear Mr JB (Md), see what comes around goes around, i hear tescos are loooking for trolly staff.
Join Date: Jan 2004
Location: Sevenoaks , Kent
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MerlinXX,
Please don't use language such as that about someone who has always been the utmost gent to me,you'll notice that I cannot even paste your vile words, there's really no need and it isn't helping salvage 50 odd jobs that some-one else managed to ruin.
Jetset41
Please don't use language such as that about someone who has always been the utmost gent to me,you'll notice that I cannot even paste your vile words, there's really no need and it isn't helping salvage 50 odd jobs that some-one else managed to ruin.
Jetset41
Last edited by Jetset41; 17th Mar 2010 at 21:24.