Execujet Cambridge
 

Anyone know is any truths in the rumour that there has been a mass walkings out at Execujet Cambridge rumour on the streets is the followings have resigned:

Group Operations Director
Finance Director
Safety and Compliance Director
CAMO Director
Trainings Director
Assistant Trainings Director
and most of the operations team

anyone knowings how this would this affect their AOCs?

If true...... The consequence of luxaviation take over doubtless.

Job listings on LinkedIn from 4 hours ago:

CAMO General Manager
Compliance Monitoring Manager

At least they got to keep their name :}

Better get Willie onto it.

More vacancies now showing on LinkedIn -

European Safety Manager
Safety and Compliance Officer

So this rumour of a mass departure appears to be true. It coincides with the departure of the highly regarded training manager from Lea..some would say the last remaining good guy.
The one thing lux companies have in common seems to be workforces who are too frightened by management threats to post on pprune.....which says it all..

Most recent "significant" mergers have resulted in a mass exodus of people leaving of their own choice - look at Hangar8/Gama, LEA/Execujet into Lux, etc.

Does make you wonder if the longer term effect of consolidation is good/bad/otherwise.

It will be fascinating to see how this luxaviation gravity and boundary defying orgy of spending plays out.
The guys at Lea formed an orderly queue for their exit leaving an experience void on both management and pilot levels (over half have left). Quite what has prompted this sudden bail out at execujet one can only speculate on. Until someone knowledgeable posts.
Patrick Hansen sent a letter to us all earlier this year indicating that his investors were expecting a return on their money this year (which if i am not mistaken)would be the first time they have ever made a single euro in ten years of trading!!!
Considering the hundreds of millions spent and the apparent lack of ability to hold together the companies purchased........this seems somewhat unrealistic.
Are Mr Hansen's pigeons coming home to roost perhaps?

There are also rumours around, that a similar amount of aircraft left respectively terminated the contract recently