DAS Air Cargo
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From: EGMH..a down, not yet out, formerly awesome airfield
DAS Air Cargo
DAS Air Cargo called in the administrators today. All flying has ceased. The aircraft is now stored at Manston until the future can be decided. A sad day for all involved. It has been a struggle for them since the EU ban.
No more 10s at LGW
It was at Manston last night but seems to have disappeared overnight unless it's locked away in the their hangar.
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From: EGMH..a down, not yet out, formerly awesome airfield
The end?
A definite end the the name of DAS. It seems there may be some sort of takeover or buyout in the making. Hopefully jobs may be saved, nobody has yet been made redundant. We should know in a few weeks ;-)
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From: Stockport MAN/EGCC
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From: EGMH..a down, not yet out, formerly awesome airfield
statement
Menzies Corporate Restructuring appointed to DAS Air Limited.
Date: 19 September 2007, London:
Andrew Duncan and Andrew Stoneman, partners from Menzies Corporate Restructuring (MCR), have been appointed as Joint Administrators to DAS Air Limited, the all cargo airline. The appointment was made on 17 September 2007. DAS Air Limited was established in 1983 to provide airline and ancillary services to Dairo Air Services, initially to satisfy the need in the African cargo market for a dedicated all cargo operator. Since then, the Group expanded to provide a successful, award winning, worldwide cargo service. In 2006, the company was awarded ‘Best All Cargo Airline to Africa’ by Air Cargo News and, just last month, operated a relief charter flight to help those affected by the floods in Sudan. At its peak in 2006, the company enjoyed annual revenues in excess of US$200m. However, a combination of events including fuel prices reaching an all time high and an unexpected legal case – duly won - by DAS Air against a sudden ban imposed on them for operating within the European Union (EU), saw their customer base drop and their financial performance decline dramatically. Andrew Duncan commented, “DAS Air has a strong pedigree and has enjoyed a market leading position for many years. The unfortunate events of last year, particularly the completely unforeseen EU ban, have, however, taken their toll.” He continued, “The EU ban has been lifted and the company is in good shape for reclaiming its position as a worldwide cargo carrier. We are working closely with the directors on a plan for taking the business forward and hope to sell the business as a going concern, thereby saving jobs and minimising disruption to the company’s customer base.” Interested parties should contact Geoff Bouchier or Paul Cooper at Menzies Corporate Restructuring
Date: 19 September 2007, London:
Andrew Duncan and Andrew Stoneman, partners from Menzies Corporate Restructuring (MCR), have been appointed as Joint Administrators to DAS Air Limited, the all cargo airline. The appointment was made on 17 September 2007. DAS Air Limited was established in 1983 to provide airline and ancillary services to Dairo Air Services, initially to satisfy the need in the African cargo market for a dedicated all cargo operator. Since then, the Group expanded to provide a successful, award winning, worldwide cargo service. In 2006, the company was awarded ‘Best All Cargo Airline to Africa’ by Air Cargo News and, just last month, operated a relief charter flight to help those affected by the floods in Sudan. At its peak in 2006, the company enjoyed annual revenues in excess of US$200m. However, a combination of events including fuel prices reaching an all time high and an unexpected legal case – duly won - by DAS Air against a sudden ban imposed on them for operating within the European Union (EU), saw their customer base drop and their financial performance decline dramatically. Andrew Duncan commented, “DAS Air has a strong pedigree and has enjoyed a market leading position for many years. The unfortunate events of last year, particularly the completely unforeseen EU ban, have, however, taken their toll.” He continued, “The EU ban has been lifted and the company is in good shape for reclaiming its position as a worldwide cargo carrier. We are working closely with the directors on a plan for taking the business forward and hope to sell the business as a going concern, thereby saving jobs and minimising disruption to the company’s customer base.” Interested parties should contact Geoff Bouchier or Paul Cooper at Menzies Corporate Restructuring
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From: Bruges
What will happen to the GCO's they leased? They are flying like crazy for Dasair. They must still have some work left.
Will they dissapear as soon as the lease ends (when is that?) and that will be the end for Das Air?
I sure hope not, would be another classic gone from Ostend ...
Will they dissapear as soon as the lease ends (when is that?) and that will be the end for Das Air?
I sure hope not, would be another classic gone from Ostend ...
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From: entebbe uganda
Das
MKA 742
I beleve the two DC-10's operated by GAC are not run by Das but by Andy
(squared) meaning the old ANA Aviation services , anyone back this up !!! , this after all is a rumours network network ,
The Very sad thing is i worked for this company for six years and what ever people say they were superb and i hope along with many others in the industry they can find a away to bounce back
well done to all at Das Air Cargo you will be sadly missed
I beleve the two DC-10's operated by GAC are not run by Das but by Andy
(squared) meaning the old ANA Aviation services , anyone back this up !!! , this after all is a rumours network network ,
The Very sad thing is i worked for this company for six years and what ever people say they were superb and i hope along with many others in the industry they can find a away to bounce back
well done to all at Das Air Cargo you will be sadly missed
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From: Middle East
Andy Squared
The biggest shame of the DAS demise is that the Andy's squared made lots of money, but DAS didn't. ANA have been relatively unaffected by their demise. Therein lies the crime...They sucked their brain and wallet out with a straw....lessons to be learned for any independent airlines left out there I am sure...
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From: land
rogerdabootler
Yes totally agree but those 2 pieces of s*** are not the only ones bleeding operators dry. It's been happening a lot over the years in this industry. In fact being a cargo broker is a license to money and boy are some printing. I despise them and their like.
Yes totally agree but those 2 pieces of s*** are not the only ones bleeding operators dry. It's been happening a lot over the years in this industry. In fact being a cargo broker is a license to money and boy are some printing. I despise them and their like.