Ocean Sky Winding Up Notice

[boeing_eng]

Who is paying for the new relocated FBO facilities at LTN?.....plenty of earthworks still going on!!

[Cheesygrin]

All done and dusted ?

I'm still not sure what's going on ......not a whisper from Bressenden Palace or Brittania House for that matter . No sign of Salaries that would normally arrive into Accounts today ......rumours of bailiffs , AOC suspension and impounding of Aircraft but no real , solid reliable information .

[twinjetter]

Ref OCS- I am just going outside, and may be some time (metaphorically, of course)

[OutsideCAS]

Welcome to the Insolvency List

[twinjetter]

CAS - wrong company, not AOC holder.

I have no opinion on OCS aoc future, just a statement of fact.

[OutsideCAS]

Apologies TJ. Hope all goes well with the AOC side as IMHO Ocean Sky is a good company with good people.

[Booglebox]

Best of luck TJ old bean.

[tommoutrie]

Good luck everybody - there but for the grace of god..

[LTNman]

Bailiffs turned up at their LTN hangar at the end of last week but were sent packing as they could not get airside. Thought the engineering side was a different company which was apparently pointed out to them before they left empty handed. Maybe they were after an aircraft and not the engineering assets?

Work continues on the new FBO building and new aprons but progress seems rather slow.

[Grenville Fortescue]

Clearly being MI6's charterer of choice was of little help in the end!

[JB in Aviation]

Any help

Hi,

Looking for some help if possible. Currently dealing with an aircraft owner who has his Aircraft Managed by Ocean Sky. The Owners Office is trying to contact Ocean Sky to obtain details about whats going on, and also more importantly what state their account is in, is the aircraft still covered by insurance etc. The people they normally speak to have apprently left Ocean Sky last week.

Who can be appraoched at Ocean Sky to get some answers about the Aircraft and the status of the Management account etc?

Thanks in advance.

[Monkey Boy]

Just heard on the grapevine that the liquidators have been at the FBO's too?? Probably just rumour, but has anyone else heard the same?

[patience]

I've heard a lot of stories coming out of OCS via my contact there in the last couple of days, many of which turned out to be 'not quite right'

I understand the juicy bits of the company (the FBOs, Engineering) have been sold off to some billionaire from Russia, who already had a lot to do with the company..so they are safe and will continue to do well

but there is no clear news about the future of Ocean Sky (UK) the charter/Ops etc..I think that has obviously been written off as top-heavy and unlikely-to-get-profitable anytime soon, and so it is left to it's own devices (management buy out?). I've heard most of the planes are staying with Ocean Sky (UK) and continuing to fly (not on an AOC, because it might have gone already) quite happily, but who knows?

It was a really good company, maybe too many 'self marketing in-and-out' directors, REMFs (client managers etc) not enough management accounting going on. a really bloody shame. to all the brilliant office guys left behind, i really hope it pulls through, I am sure it will

[Monkey Boy]

So if I read that right, the FBO's have been sold by the Ocean Sky group, to the person who financially backed the Ocean Sky group?

[Monkey Boy]

Last time this happened the aircraft spent a few happy weeks in Prague I believe.......

[Monkey Boy]

I think you may find TS has had his train set taken away for making such a f@ck up of everything, and RS is taking a more active role in the running of what will be left i.e. FBO's and engineering only, lot of changes coming very soon.

That would be the most sensible decision RS could make! Obvioulsy got fed up with pumping money into a black hole and wanted to see some return on his investment, but it'll take a LONG time to get any sort of return on the money that's already been wasted (if ever)!

[LGW Vulture]

The backers must be pretty pissed off with Aviation by now. Told by some smart fellow that plenty of money could be made in Business Aviation having lost millions with freighters!

[Monkey Boy]

Told by some smart fellow that plenty of money could be made in Business Aviation

That's not quite how it happened - after a few years of chartering, the thought process was "How hard can this be? Surely we can do it better".

[mikeyblueyes]

Don't know about Ocean sky situation but also heard that some crews haven't been paid salary due for August...sorry for you guys but maybe time to look elsewhere?

[LTNman]

The construction of their new FBO at Luton continues.