Emerald and the CAA
Join Date: May 2006
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Coal driven aircraft
MBO all sounds very nice 
However, I'm pretty sure that most of Emeralds fleet requires a few of those whizz bang gadgets mentioned in a few of the above replies as per
http://www.caa.co.uk/docs/33/FOD200604.PDF
Which for an aircraft like the Budgie is gonna cost a bit.
Am I Bovvered, Do I look Bovvered...............
However, I'm pretty sure that most of Emeralds fleet requires a few of those whizz bang gadgets mentioned in a few of the above replies as per
http://www.caa.co.uk/docs/33/FOD200604.PDF
Which for an aircraft like the Budgie is gonna cost a bit.
Am I Bovvered, Do I look Bovvered...............
Join Date: Jan 2006
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Originally Posted by ABird747
In Paragraph 2.1 it says that TAWS is only required for passenger carrying aircraft (more than 9 but less than 30 pax)...
It does not matter if they are operated as passenger aircraft - the definition is whether they are authorised to carry passengers which of course the 748 and ATP are.
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I think this issue is being over-complicated.
Going into administration allows the company breathing space to sort out; the problems with the CAA which now seem to be administrative, get creditors off their back (for a while at least) and for the Administrator (who is now in control of the company and to a great extent their future) to sort out the best deal for evryone all round.
This could involve slimming down to become more efficient (eg get rid of the ATPs which have been and are expensive and a change of what previously was a successful strategy),selling off part or all of the company (but remember Air Cons after examining the books last year decided not to go ahead but stand back and pick up the pieces which is now looking to be a wise move on their part) or simply liquidising the company.
The latter will probaly only happen if there is sufficient equity in the company ie umortgaged aircraft, buldings (if owned by Em), land (eg at LPL which will be worth a bob or two) and whatever assets there may be at BPL.
This could happen if at the forthcoming creditors meeting they all vote for it. They may prefer to take say 40p in the pound of what they are owed and run.
Niether AJ nor MOB have much say in the company now as it is being run solely br the Administrator who will make all strategic decisions.I hope when they examine the books they uncover the huge wastage due to MOB's crass decisions and controlling of the company. He should have remained at what he was good at, a ramp handler CEO he is not.
Going into administration allows the company breathing space to sort out; the problems with the CAA which now seem to be administrative, get creditors off their back (for a while at least) and for the Administrator (who is now in control of the company and to a great extent their future) to sort out the best deal for evryone all round.
This could involve slimming down to become more efficient (eg get rid of the ATPs which have been and are expensive and a change of what previously was a successful strategy),selling off part or all of the company (but remember Air Cons after examining the books last year decided not to go ahead but stand back and pick up the pieces which is now looking to be a wise move on their part) or simply liquidising the company.
The latter will probaly only happen if there is sufficient equity in the company ie umortgaged aircraft, buldings (if owned by Em), land (eg at LPL which will be worth a bob or two) and whatever assets there may be at BPL.
This could happen if at the forthcoming creditors meeting they all vote for it. They may prefer to take say 40p in the pound of what they are owed and run.
Niether AJ nor MOB have much say in the company now as it is being run solely br the Administrator who will make all strategic decisions.I hope when they examine the books they uncover the huge wastage due to MOB's crass decisions and controlling of the company. He should have remained at what he was good at, a ramp handler CEO he is not.
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MOB - is he such a good bullsh!tter that he'd wangle himslef a job in another airline or is his reputation within the industry sufficient to have finished him off ?
if only somebody would...............
if only somebody would...............
Pilot of the Airwaves
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Take it from me, who is a guy who used to finance and repo such flying machines and equipment .....every plane and I mean every plane, would be now back under my control or if wholly owned, under the administrators control. Remember the banks may hold debentures over all assets not specifically financed. Yes, present legislation is mean't to protect the business and maintain it as a going concern, but if no cash is available to run it, there can only be one outcome.
Purchasers come forward please..there is a deal to be done that is the clear message!
I've been around since the Laker debacle and seen it all before. Infact I'm glad to be out of the game now.
Get your rose coloured specs off...the longer there is no flying, a break up/sell off situation becomes a stronger eventuality..don't be mislead by odd maintenance flights to keep the fleet airworthy.
Purchasers come forward please..there is a deal to be done that is the clear message!
I've been around since the Laker debacle and seen it all before. Infact I'm glad to be out of the game now.
Get your rose coloured specs off...the longer there is no flying, a break up/sell off situation becomes a stronger eventuality..don't be mislead by odd maintenance flights to keep the fleet airworthy.
Last edited by IB4138; 13th May 2006 at 07:01.
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Originally Posted by dada
MOB - is he such a good bullsh!tter that he'd wangle himslef a job in another airline or is his reputation within the industry sufficient to have finished him off ?
if only somebody would...............
if only somebody would...............
If he ever had the nerve to ask me for a job I would wet myself from laughing, anyway what could you possibly find for a barrow boy meglomaniac to do? What was his favourite saying? "Do you know who I am" yes we do, you are a sad little boy who's ego is bigger than your head and now your self made empire has hit the fan, you are unemployable and hated by most of the people who know you. How does that feel? What goes around comes around, it's one of the laws of the universe.
Join Date: Dec 2004
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Shed crews bben made redundant
Hi
Can anyone confirm that all the fleet pilots been made redundant as from the 11th May.
Is administrator trying to make all the people redundant and ask them to apply again, when the new shape of the company will take place near future, or this is the end of Emerald now.
Cheers
Siduk
Can anyone confirm that all the fleet pilots been made redundant as from the 11th May.
Is administrator trying to make all the people redundant and ask them to apply again, when the new shape of the company will take place near future, or this is the end of Emerald now.
Cheers
Siduk
Join Date: May 2006
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Worked at Emerald and can honestly say that I'm very surprised that the proverbial hadn't hit the fan long before now.
Sympathies to the hard working staff.
No sympathies to the cockney barrow boy with the tassled shoes.
I'll never understand what the ladeeeez saw in him!
What goes around............
Sympathies to the hard working staff.
No sympathies to the cockney barrow boy with the tassled shoes.
I'll never understand what the ladeeeez saw in him!
What goes around............
Join Date: Nov 2001
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It seems that the shorts crews have had redundancy letters today.
A great shame, a good fleet of aircraft and great crews flying them, lots of work and effort in keeping them flying and now all gone.
What a waste!!
Maybe someone will buy whats left and get them up and running again.
A great shame, a good fleet of aircraft and great crews flying them, lots of work and effort in keeping them flying and now all gone.
What a waste!!
Maybe someone will buy whats left and get them up and running again.
Join Date: May 2006
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jemgirl
looks grim don't it? just wondering when the atp fleet will get their notices as i've heard a rumour we're to go too. personally i'd like to know sooner than later. this is torture! need to book me appointment at jobcentre. yes, i still have a sense of humour. god knows how. it was great working with everyone. hope everything works out for you all.you'rea great bunch and i've loved every minute of working at emerald! better go, misting up now.!!!!
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as an aside i presume before Emerald got hold of streamline that it was a profitable and fairly well run organisation.
Certainly when i first got my hands on the shorts they seemed to be in fine fettle....sadly that didnt last long
Certainly when i first got my hands on the shorts they seemed to be in fine fettle....sadly that didnt last long
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Originally Posted by Germstone
as an aside i presume before Emerald got hold of streamline that it was a profitable and fairly well run organisation.
Certainly when i first got my hands on the shorts they seemed to be in fine fettle....sadly that didnt last long
Certainly when i first got my hands on the shorts they seemed to be in fine fettle....sadly that didnt last long
My deepest sympathy to you all and good luck.
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I have heard that some of the Shed Crews and Cabin Crews along with one or two from Ops have recieved notice of redundancy today. Can anyone confirm. I thought there was plenty of work for the Sheds and at least four sheds
ready to fly. Starting to get very confused. Nothing on the company e-mail.
ready to fly. Starting to get very confused. Nothing on the company e-mail.
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as yet none of the cabin crew have heard anything by post.think that may all change though by next week!! defo know one of the crewing lot have gone.have heard that the chances of getting the aoc back are pretty remote too. preparing my cv as we speak.!!!!!!!! someone in management must know something. share! 