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Global 6000 'ZS-OAK' sought after Guptas default on loan
Canada lent a family $41 million to buy a luxury jet. Now the jet is missing.
If you spot a sleek Bombardier Global 6000 business jet sporting tail number ZS-OAK, Canada would love to hear from you. The jet belonged to South Africa's notorious Gupta family, whose alleged corruption helped trigger the scandals that recently forced President Jacob Zuma out of office. But the Guptas bought the plane with help from a $41 million loan from Export Development Canada, or EDC, Canada's state-owned export-import bank. EDC was helping Bombardier Inc., the Canadian aerospace firm, land the jet sale. But that turns out to have been a poor bet: EDC now says the family defaulted on the loan in October and still owes the bank $27 million. And with an arrest warrant outstanding for Ajay Gupta, one of three brothers in the family, there are other worries, too. “There is a very real concern that the aircraft may be used to escape justice or for some unlawful means,” wrote EDC in a recent application to a South African court seeking permission to ground the jet. |
Well I don't see how they could get maintenance for it anymore.
If it can't fly what's the point of keeping it?! |
This article suggests it may be in St Petersburg where it landed in early February 2018:
https://www.news24.com/SouthAfrica/N...ussia-20180207 |
Left Moscow on Feb 11 heading south according to our network.
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Last I heard it was parked in Dubai and is now on the move
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Didn't get that far south on the 11th and not seen since AFAIK.
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I wonder if the crew is getting their pay up front. I hope so. Also imagine whoever sell them fuel will do likewise.
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This indicates it left the UAE last Saturday 3rd March ( unlikely to be accurate and true, of course)
https://real.flightairmap.com/flightid/55933018 2 years ago, it flew from Dubai to India and landed near Nakur : https://www.news24.com/SouthAfrica/N...india-20160411 Could it have been headed to India very recently ? ........ ........ ........ |
If someone wants to take a wheel clamp to Dubai Int reckon he should be there in about an hour , ex Mumbai !
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Originally Posted by supportteam
(Post 10073464)
If someone wants to take a wheel clamp to Dubai Int reckon he should be there in about an hour , ex Mumbai !
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Yes , data confirmed, have location to within five metres.
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I'm asking again: can such a global 6000 kept flight worthy without active involvement of the manufacturer? Seems highly unlikely
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A 41 million loan with no collateral? Seriously?? How do I apply?
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Got any source on this info? |
Atakacs.
Yes, for awhile it can be, especially if they have a tech onboard, as happens. For awhile longer, if you don’t care. GF |
Why don’t they involve an effective REPO company. Will cost some money but in this part of the world there is additional money flow needed to get, what you wan’t.
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Not my source , my post was a few hours ahead of the article and in real time , but CJI details are pretty accurate.
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What value does a plane have that no longer has manufacturer support, has an undocumented flight history, is unregistered and potentially has unrecorded maintenance? If the repo men get their hands on this and it returns to the air, would you fly in it? And which muppet in the EDC signed this off? He probably went to the same school as Mark Carney.
PM |
Originally Posted by Piltdown Man
(Post 10074326)
What value does a plane have that no longer has manufacturer support, has an undocumented flight history, is unregistered and potentially has unrecorded maintenance? If the repo men get their hands on this and it returns to the air, would you fly in it? And which muppet in the EDC signed this off? He probably went to the same school as Mark Carney.
PM ATC will know where it is and where it has been , so too the private tracking sites. It doesn't seem to be breaking any aviation laws as such and the flights will no doubt be documented in the log. Its a mistake to assume its missing or trying to avoid detection. Many a/c are blocked , for many reasons. I suppose its like having a taxed , insured , MOT'd vehicle [ in the UK ] but having defaulted on the loan payments. There is nothing to stop the car being driven around until the loan company takes civil action and brings in the clampers. A nice chunky clamp on the nose wheel and it ain't going anywhere! |
For anyone interested in the extent of the BARR list its worth looking at...
.muckroc dot .com/foi/united-states-of-america-10/faa-list-of-blocked-aircraft-barr-listasdi-block-list-34713/ ZS-OAK is not listed as it is a recent addition , however , its just one of thousands! |
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