Emerald
Join Date: Aug 2003
Location: The Jack Fairman
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I think loosing 'may' be the operative word.
Is this because the Streamline deal is about to be null and voided ?
Seems like a long time ago that deal was done, but then I suppose a bit like a house, if you cant keep up the payments, someone will come and take it away from you.
Is this because the Streamline deal is about to be null and voided ?
Seems like a long time ago that deal was done, but then I suppose a bit like a house, if you cant keep up the payments, someone will come and take it away from you.
Join Date: Aug 2003
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Originally Posted by Daede1
Could be the bank is forcing a sale of assets to repay against their debts.
Pure supposition, but makes sense for them.
Pure supposition, but makes sense for them.
Join Date: Dec 2005
Location: London
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Good point, but if the bank is forcing a sale, then they dont really care what value has been assigned, they just want as much as possible, as quickly as possible.
Valuations only matter in calculating interests on debt accrued against assets.
Valuations only matter in calculating interests on debt accrued against assets.
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Originally Posted by Daede1
Good point, but if the bank is forcing a sale, then they dont really care what value has been assigned, they just want as much as possible, as quickly as possible.
Valuations only matter in calculating interests on debt accrued against assets.
Valuations only matter in calculating interests on debt accrued against assets.
Great, the bank are happy as they think that at least the assets are there if it all goes wrong and at least they will get some of their money back, so they let them continue on.
Imagine the banks reaction when they discover that what these assets were valued at on paper is way off the mark to what they are actually worth, I wouldnt imagine that they are very happy and would be well within their rights to demand that action is taken (the rumours about the shorts fleet being sold to BAC ??), of course its all hypothetical.
Join Date: Sep 2001
Location: Luton
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Shorts for sale
Some of the Shorts fleet has been up for sale for some time.
A quick troll around the internet will give you the details i.e
"4 Shorts SD3-60-200 Available for Sale!
"Build Your Own Spec"
We have 10 aircraft to choose from. 1983-1987. Mix & Match engines, props, airframe to meet your requirements. Contact us today for detailed information".
A quick troll around the internet will give you the details i.e
"4 Shorts SD3-60-200 Available for Sale!
"Build Your Own Spec"
We have 10 aircraft to choose from. 1983-1987. Mix & Match engines, props, airframe to meet your requirements. Contact us today for detailed information".
Join Date: Dec 2005
Location: London
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Because Emerald Airways year end is 31/08 this year, not april.
Year end is when the company decides it is.
Methinks there should be some interesting discussions there today...
Year end is when the company decides it is.
Methinks there should be some interesting discussions there today...
Join Date: Aug 2003
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Originally Posted by part69
The end of the financial year is up and coming! why shouldn't the bank managers and accountants pop in for tea and biscuits?
So why take a team of lawyers along too then
Join Date: Aug 2003
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Originally Posted by Daede1
Bet its taken over by private equity.
I dont think the Shorts fleet, and some other bits and pieces will be included in that tho.
I wonder what the RM and others are making of it all ??
Join Date: Feb 2006
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Well its the day after yesterday the birds are all flying and not a suit in sight - me thinks EI-CGO and Daede 1 are telling a few porkies - grinding axe comes to mind - perhaps they would like to tell us more!
Join Date: Feb 2006
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So Daede 1 and EI-CGO what lies and fabrications are we concocting for this week - wonder if you will ever have the b**ls to share with everyone what your gripe is - then again its easy to throw stones from a distance isn't it ???
Join Date: Dec 2005
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Is balls a swear word?
Dartdriver, get off your high horse - no one is casting aspersions on Emerald that havent already been mentioned on Pprune. I think you will find that most people would like to see Emerald keep going, but are intrigued at the way the company seems to lurch from one crisis to another.
If you have a problem with anything that is said on here about Emerald, then feel free to comment, but dont be such an idjit and assume that anyone will pay attention to you when you talk sh*te.
Also ref gripes with Emerald - i have none, quite the opposite in fact.
Dartdriver, get off your high horse - no one is casting aspersions on Emerald that havent already been mentioned on Pprune. I think you will find that most people would like to see Emerald keep going, but are intrigued at the way the company seems to lurch from one crisis to another.
If you have a problem with anything that is said on here about Emerald, then feel free to comment, but dont be such an idjit and assume that anyone will pay attention to you when you talk sh*te.
Also ref gripes with Emerald - i have none, quite the opposite in fact.