Emerald and the CAA
Join Date: May 2006
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MOB
Originally Posted by Trill_Flyer
Checking company e-mail still nothing. Has anyone managed to speak to any Management/opps to see what officially is going on who actually does know. Is MOB really RIP?
Join Date: Aug 2004
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Not wanting to sound like I'm jumping the gun or anything but if any hosties are after a job, we're desperate for hard working cabin crew.
Log on to www.britishairwaysjobs.com
If anyone wants some tips for the form PM me...
Good luck to you all, I missed the 2G shut-down by a matter of months... nasty business.
Log on to www.britishairwaysjobs.com
If anyone wants some tips for the form PM me...
Good luck to you all, I missed the 2G shut-down by a matter of months... nasty business.
Join Date: Apr 2002
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Naaa it's just some thicko with a sick sense of humour. Thinks it's clever. MOB has got much more important things to do than piss about on here, like save his job, or save an Airline.
Originally Posted by exloadie
seems a bit too polite for the real one methinks
Join Date: May 2006
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Everyone still in the dark about status of AOC but received news is that Emerald is due to start flying on monday. Some crew who asked have been assured verbally that they are being paid and some crews have been asked to attend Ground School refresher courses.
No formal news regarding MOB.
Lots of activity at BLK in the hangar but none around the aircraft!
I hope they are trying to get things up and running and not just busily shredding records!
No formal news regarding MOB.
Lots of activity at BLK in the hangar but none around the aircraft!
I hope they are trying to get things up and running and not just busily shredding records!
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Still In The Dark
Originally Posted by perky percy
So is there any more news yet? I hope for all of you within Emerald there is something.
Let hope no news is good news.
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Latest rumour is they will be flying anytime between next week and 3 weeks time (I know its vague but its a possitive post) and that mob departed Weds evening with his P45 in pocket these are only rumours nothing official
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Originally Posted by exloadie
Latest rumour is they will be flying anytime between next week and 3 weeks time (I know its vague but its a possitive post) and that mob departed Weds evening with his P45 in pocket these are only rumours nothing official
I Hope it's true though, About the biggest AH on the planet that is.
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Sorry to hear about all the troubles, very unnecessary, hopefully Mo'B will do the decent thing and leave aviation for good (possibly via Beachy Head!). Can't be long now before they are put into administration surely? If it hasn't already happened? I guess the troops will be the last to know. Good luck.
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Isn't it just easier to copy it directly to the board?!
Richard Fleming and Brian Green from KPMG Restructuring have been appointed Administrators to Emerald Airways Ltd and Emerald Airways Engineering Ltd.
Liverpool-based Emerald Airways Limited is an aviation group operating over 30 freight and passenger aircraft on scheduled and ad-hoc services throughout the UK and Europe. The firm, which employs approximately 200 employees, has an annual turnover of c£25 million.
Based at Blackpool Airport, Emerald Airways Engineering Ltd (EAEL) is a wholly owned subsidiary of Emerald Airways and is primarily responsible for the maintenance, repair and refurbishment of passenger and freight aircraft.
On 4 May 2006, Emerald Airways Ltd had its Air Operators Certificate (AOC) provisionally suspended by the Civil Aviation Authority. As a result of its fleet being grounded, the firm has been unable to generate sufficient money to cover its outgoings and has consequently been placed into administration.
Richard Fleming, Joint Administrator at KPMG Restructuring, said: “At present, we are evaluating the options for the business with a view to selling it as a going concern. However, in order to achieve a sale, it is imperative that the AOC suspension is lifted, so we will be working with the Civil Aviation Authority over the coming days to achieve this.”
He added, “We would urge any parties who are interested in acquiring the business to contact us as soon as possible.”
Richard Fleming and Brian Green from KPMG Restructuring have been appointed Administrators to Emerald Airways Ltd and Emerald Airways Engineering Ltd.
Liverpool-based Emerald Airways Limited is an aviation group operating over 30 freight and passenger aircraft on scheduled and ad-hoc services throughout the UK and Europe. The firm, which employs approximately 200 employees, has an annual turnover of c£25 million.
Based at Blackpool Airport, Emerald Airways Engineering Ltd (EAEL) is a wholly owned subsidiary of Emerald Airways and is primarily responsible for the maintenance, repair and refurbishment of passenger and freight aircraft.
On 4 May 2006, Emerald Airways Ltd had its Air Operators Certificate (AOC) provisionally suspended by the Civil Aviation Authority. As a result of its fleet being grounded, the firm has been unable to generate sufficient money to cover its outgoings and has consequently been placed into administration.
Richard Fleming, Joint Administrator at KPMG Restructuring, said: “At present, we are evaluating the options for the business with a view to selling it as a going concern. However, in order to achieve a sale, it is imperative that the AOC suspension is lifted, so we will be working with the Civil Aviation Authority over the coming days to achieve this.”
He added, “We would urge any parties who are interested in acquiring the business to contact us as soon as possible.”
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Originally Posted by Trill_Flyer
If you ain't read your company e-mail I recommend you do. Very welcoming!!!!!
well judging by the other posts on here now they must be lying to you if you have had good news (No change there then)
Last edited by Wedgehog; 11th May 2006 at 23:37.
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Originally Posted by ABird747
Isn't it just easier to copy it directly to the board?!
Richard Fleming and Brian Green from KPMG Restructuring have been appointed Administrators to Emerald Airways Ltd and Emerald Airways Engineering Ltd.
Liverpool-based Emerald Airways Limited is an aviation group operating over 30 freight and passenger aircraft on scheduled and ad-hoc services throughout the UK and Europe. The firm, which employs approximately 200 employees, has an annual turnover of c£25 million.
Based at Blackpool Airport, Emerald Airways Engineering Ltd (EAEL) is a wholly owned subsidiary of Emerald Airways and is primarily responsible for the maintenance, repair and refurbishment of passenger and freight aircraft.
On 4 May 2006, Emerald Airways Ltd had its Air Operators Certificate (AOC) provisionally suspended by the Civil Aviation Authority. As a result of its fleet being grounded, the firm has been unable to generate sufficient money to cover its outgoings and has consequently been placed into administration.
Richard Fleming, Joint Administrator at KPMG Restructuring, said: “At present, we are evaluating the options for the business with a view to selling it as a going concern. However, in order to achieve a sale, it is imperative that the AOC suspension is lifted, so we will be working with the Civil Aviation Authority over the coming days to achieve this.”
He added, “We would urge any parties who are interested in acquiring the business to contact us as soon as possible.”
Richard Fleming and Brian Green from KPMG Restructuring have been appointed Administrators to Emerald Airways Ltd and Emerald Airways Engineering Ltd.
Liverpool-based Emerald Airways Limited is an aviation group operating over 30 freight and passenger aircraft on scheduled and ad-hoc services throughout the UK and Europe. The firm, which employs approximately 200 employees, has an annual turnover of c£25 million.
Based at Blackpool Airport, Emerald Airways Engineering Ltd (EAEL) is a wholly owned subsidiary of Emerald Airways and is primarily responsible for the maintenance, repair and refurbishment of passenger and freight aircraft.
On 4 May 2006, Emerald Airways Ltd had its Air Operators Certificate (AOC) provisionally suspended by the Civil Aviation Authority. As a result of its fleet being grounded, the firm has been unable to generate sufficient money to cover its outgoings and has consequently been placed into administration.
Richard Fleming, Joint Administrator at KPMG Restructuring, said: “At present, we are evaluating the options for the business with a view to selling it as a going concern. However, in order to achieve a sale, it is imperative that the AOC suspension is lifted, so we will be working with the Civil Aviation Authority over the coming days to achieve this.”
He added, “We would urge any parties who are interested in acquiring the business to contact us as soon as possible.”
From what I hear, it's bullsh1t that they have only gone into administration as a direct result of losing their AOC. I've heard that they has cashflow problems around a month ago which meant problems paying sub-contracted aircraft operators.
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I am reliably informed that only a Receiver can allow a company to continue 'trading' whereby it may increase its debts in the hope of a sale as a going concern. An Administrator has a duty to liquidate the assets and settle the debts. The two terms are loosly used in place of each other, so i'm not clear where Emerald stand. The first thing that happens is that trading stops - well it has, and then all employees are dismissed by reason of redundancy - which it hasn't done. If they have been in Administration since 4 May and employees have not received letters then they are being paid. Hope continues!
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Just for the record
Here are the differences between Administration and Receivership
------------------------------------------------------------------
Insolvency and bankruptcy Administration and administrative receivership
When a company or partnership gets into financial trouble an administrator or administrative receiver may be appointed.
Administration
The role of an administrator is to get the company out of trouble and trading again if possible.
Administrators can be appointed to a company that is unable, or is likely to become unable, to pay its debts. They can be appointed by any of the following:
the courts - on application from a creditor, directors or partners
the holder of a qualifying floating charge over the assets of the business
the company or its directors
An administrator's primary goal is to rescue the company as a going concern. If this isn't possible, the administrator will try to get a better result for the creditors than would be possible if the company was wound up.
If neither of these is possible, the administrator will sell the company's property to make at least a partial payment to one or more secured or preferential creditors, such as employees or the bank.
Administration can also apply to partnerships.
-----------------------------------------------------------------------------
Administrative receivership
When a company borrows money, the lender is usually given some security over the company's assets to guarantee payment. If the company fails to keep the terms of the loan or encounters financial difficulties, the lender may be entitled to appoint an administrative receiver. An administrative receiver is an insolvency practitioner who has control of the whole, or a substantial part, of the company's property and wide powers over the business.
The administrative receiver is mainly concerned with getting back the money owed to the secured creditor. The administrative receiver may sell the assets piecemeal, or sell the whole business as a going concern to pay off the secured creditor, and the costs of the receivership.
------------------------------------------------------------------
Insolvency and bankruptcy Administration and administrative receivership
When a company or partnership gets into financial trouble an administrator or administrative receiver may be appointed.
Administration
The role of an administrator is to get the company out of trouble and trading again if possible.
Administrators can be appointed to a company that is unable, or is likely to become unable, to pay its debts. They can be appointed by any of the following:
the courts - on application from a creditor, directors or partners
the holder of a qualifying floating charge over the assets of the business
the company or its directors
An administrator's primary goal is to rescue the company as a going concern. If this isn't possible, the administrator will try to get a better result for the creditors than would be possible if the company was wound up.
If neither of these is possible, the administrator will sell the company's property to make at least a partial payment to one or more secured or preferential creditors, such as employees or the bank.
Administration can also apply to partnerships.
-----------------------------------------------------------------------------
Administrative receivership
When a company borrows money, the lender is usually given some security over the company's assets to guarantee payment. If the company fails to keep the terms of the loan or encounters financial difficulties, the lender may be entitled to appoint an administrative receiver. An administrative receiver is an insolvency practitioner who has control of the whole, or a substantial part, of the company's property and wide powers over the business.
The administrative receiver is mainly concerned with getting back the money owed to the secured creditor. The administrative receiver may sell the assets piecemeal, or sell the whole business as a going concern to pay off the secured creditor, and the costs of the receivership.
Join Date: Mar 2006
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Jet2 cargo!
I heard on the jungle drums that a certain Mr Meeson has been sniffing around. It's his trait, buying out companies that are struggling and then turn them around. New company to be formed called Jet2 Cargo.
Seems strange considering he sold all the F27's and A300's "because its not the way the company was going"
Anyone from Emerald heard anything?
New company to be formed called Jet2 Cargo.Seems strange considering he sold all the F27's and A300's "because its not the way the company was going"
Anyone from Emerald heard anything?