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Old 6th Jul 2018, 21:29
  #61 (permalink)  
 
Join Date: Oct 2011
Location: UK
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Where was that published? The comment doesn't surprise me. The same could be said for the other big brokers. All were sending business elsewhere. Wijet were never good at the Maths. Obsessed with direct clients but didn't understand the market well enough. It is a very niche clientele that only need a VLJ, and fly often enough to fill a schedule. Brokers are the bread and butter. The direct clients are the Jam.
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Old 7th Jul 2018, 21:25
  #62 (permalink)  
 
Join Date: Jul 2018
Location: Europe
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Deloitte Report

Deloitte was generating an interesting document, including forecast till 2019, find attached
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Rapport.pdf (1.81 MB, 93 views)
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Old 7th Jul 2018, 21:31
  #63 (permalink)  
 
Join Date: Jul 2018
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Alexandre Azoulayīs invoices

Alexandre Azoulayīs company Cynergy was frequently invoicing OpenJet for his fund raising activities for WiJet. OpenJet was receiving all income from charter booking and supposedly paying WiJet, find a few attached
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Factures Cynegy France 2015.pdf (112.7 KB, 52 views)
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CYNEGY Accounts 2015.pdf (196.1 KB, 45 views)
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Old 7th Jul 2018, 21:44
  #64 (permalink)  
 
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Invoices from Mr Azoulay

more invoices issued by companies of Alexandre Azoulay to the companies around WiJet
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Old 7th Jul 2018, 21:50
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Ponzi Scheme

till recently Mr Alexandre Azoulay continues to build a Ponzi scheme, together with his companion Mr Hochenauer

Currently Mr Azoulay pushes heavily his latest Ponzi Scheme with an ICO called Fluid.Capital
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Old 8th Jul 2018, 07:37
  #66 (permalink)  
 
Join Date: Jul 2009
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What is amazing is the Deloitte report focuses so heavily on what they should charge per hour to their customers. They were so blinded to the fixed price per hour!

what they never realised is that with a fixed price per hour, customers will use them when they are the cheapest (normally on short flights) and wonít use them on longer flights, where other operators will recognise the cost of flying comes down. All of the cost is in the climb, the descent, and the landing fees. The cruise is the most cost efficient part of the flight.

One broker even told me, he bought a Wijet JetCard with Guaranteed Availability. Then, whenever the market was busy, and he couldnít find a cheap aircraft, heíd book the trip on Wijet. He knew they were idiots, and took advantage. They must have lost a fortune on him.

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Old 8th Jul 2018, 08:58
  #67 (permalink)  
 
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The interesting part is the "camouflage" of debts from Blink. How on this planet, so called CEO's (would they be founders or not) could not have seen this coming ? Ho, they were so busy filling their own pockets with cash ( both sides of the channel).
These "papers" coming from AviatorInEurope, ( or should we agree on Corentin ?) are flowing out at an interesting time, Revenge Time that is.
All management from Wijet/Blink are responsible because they were irresponsible. Merging a one-eyed and a half-deaf doesn't build a winning racing horse but more a retired donkey. And this is what happened. They were not the only idiots falling in the trap, the Austrian operator is facing the same issues ( although he is using a better camouflage kit); that will surface one day or another.

Bottom line; the Mustang, and other VLJ ( Eclipse, Phenom 100) CANNOT make money as a stand alone, all fleet concept, they just cannot, period. And I wonder what kind of Ponzi/Fiscal/Fraud they are creating to convince investors in this doomed venture.
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Old 8th Jul 2018, 09:10
  #68 (permalink)  
 
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Iím stunned the other investors let SGH Capital get away with it, from what Iím told they invested Ä1M at the beginning of the takeover and with a clause that it had to be repaid within 90 days, if not SGH takes a 51% share of the company and effectively halved all the others share. As they were running the company they simply ensured repayment was after the 90 days, 51% stake and cost zero! The stakeholders are some very wealthy people so why let them do it, surely not legal? Does anyone have a list of shareholders?
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Old 10th Jul 2018, 21:25
  #69 (permalink)  
 
Join Date: Feb 2012
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F. ANNY

Originally Posted by Brizeguy View Post
Iím told French crews and support staff were paid today and UK staff not, if thatís not a good example of why we need Brexit then I donít know what is.
WijetScum!
Iím sure Honda would distance themselves from any such operation if the things we hear are true.

I've read some stupid posts on this site over the years but I award you the prize for narrow mindedness and stupidity. Congratulations.
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Old 11th Jul 2018, 19:03
  #70 (permalink)  
 
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Bottom line; the Mustang, and other VLJ ( Eclipse, Phenom 100) CANNOT make money as a stand alone, all fleet concept, they just cannot, period.
Interesting. What about Globe Air? It seems they are profitable operating single fleet of VLJ.
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Old 11th Jul 2018, 23:40
  #71 (permalink)  
 
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Wink Wink, let me know when and where for the prize giving, I look forward to meeting you! Brexit is gonna happen, live with it!
As for WiJet scum, they have no aircraft, about 10 pilots and a piss poor sales team busy with sub charters, best of luck with that 😂
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Old 12th Jul 2018, 05:21
  #72 (permalink)  
 
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Originally Posted by Luibar View Post
Interesting. What about Globe Air? It seems they are profitable operating single fleet of VLJ.
It seems, but no. planes on ground, no money for the "paper" maintenance. GlobeAir does not make any target for months. (Although they will get a bit of extra flights this summer due to Wijet collapse), pilots are flying out as fast as they can. Bogus contract, Bogus operation with fake numbers. The CMM is leaving...
The only thing for GlobeAir is the "charism" of the CeO and the marketing of this shitty op. I believe they will go bust in 12/18 months.
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Old 12th Jul 2018, 11:33
  #73 (permalink)  
 
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Originally Posted by Luibar View Post
Interesting. What about Globe Air?
I have never heard of Globe Air, but concerning this kind of question, Excel tends to be your friend. The Microsoft variant, not the one from Cessna. Get quotes (or collect internet wisdom) about things like leasing rates, insurances fees, hagarage/parking fees, fuel burn, hourly maintenance cost, engine programs, airway fees, landing/handling fees, catering (wasn't a free bottle of Champagne included in every Wijet flight?) etc. Next make an educated guess about how many pilots your operation requires per aircraft (remember that under European commercial regulations jets must be flown by 2 pilots at any time) to ensure 24/7 operation 365 days per year - or whatever you promise your clients - and think about what each pilot is going to cost you. Don't forget their training and the time spent on training instead of flying. Do the same thing for sales and dispatch and other office staff. Unless you own the office there will be rent to pay as well. Cleaning (also aircraft cleaning!). Don't forget to factor in some money for PR and general promotion (again, I have never heard of Globe Air so obviously they did not spend enough in that field!).
Put all those beautiful figures in your spreadsheet - including everything I have forgotten - allow for some days of downtime for each aircraft every year for whatever reason and the cost of chartering replacement aircraft (I meself have flown several subcharter sectors for Wijet which cost them a multiple of what the passengers paid for those flights!), and watch in amazement what you will have to charge your passengers to be profitable.
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Old 12th Jul 2018, 16:25
  #74 (permalink)  
 
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Seriously, you never heard Globe Air on the radio? Okay, their callsign is "Dreamteam", they seem to be flying a lot, but whoever works there tries to leave ASAP again.
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Old 12th Jul 2018, 18:35
  #75 (permalink)  
 
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Originally Posted by EatMyShorts! View Post
Okay, their callsign is "Dreamteam", ....
I have heard the callsigns but I didn't know the company's name. Also I can't remember ever being parked next to one of their planes or meeting one of their pilots at Flight Safety (as opposed to Wijet and Blink for example).
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Old 12th Jul 2018, 20:22
  #76 (permalink)  
 
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Originally Posted by what next View Post


I have heard the callsigns but I didn't know the company's name. Also I can't remember ever being parked next to one of their planes or meeting one of their pilots at Flight Safety (as opposed to Wijet and Blink for example).
They are easily recognized , they are coming in full uniform..
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Old 13th Jul 2018, 10:33
  #77 (permalink)  
 
Join Date: Oct 2002
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If my memory serves me right Blink was started with capital of £30m .
To eat through 3m a year takes some doing but my betting is that with blackbushe market gone the Ogdens will be in the land redevelopment
business before the year is out.
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Old 16th Jul 2018, 12:59
  #78 (permalink)  
 
Join Date: Jul 2009
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Problem with Blackbushe in terms of major property development - aviation or non-aviation related, is that it has chunks of common land where every man and his dog (or goats) have a right to roam. The general public have a theoretical legal right to roam on registered Yateley Common unit 'CL24', but this right is in fact severely curtailed over practically all of it. If you look at the official website of access land maps you will find that the east-west runway of Blackbushe Airport, the fenced macadamed part of Blackbushe Sunday Market, and the whole of the common owned by the MOD is theoretically excluded. The only parts of Yateley Common CL24 where the public do have a right to roam under CROW are the whole of the Calthorpe part south of Blackbushe Airport and the whole of the 138 acres north of the runways, and possibly the Sunday Market zone (now no longer in operation) unless it is legally part of the airport runways/demise?

Anyway, bottom line is that there are a number oif planning issues and they would have built loads more hangars and other infrastructure etc. years ago were it not for the hassle involved on the planning front.
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Old 16th Jul 2018, 21:39
  #79 (permalink)  
 
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Request for de-registration of Common Land is currently (as of last week) with Planning Inspectorate - having been administratively held-up for months by Hants County Council.

Plans for development once this is approved are available to view at Blackbushe Vision
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Old 18th Jul 2018, 11:53
  #80 (permalink)  
 
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