MK possible grounding due funds
Thread Starter
Join Date: Nov 2007
Location: Around Africa
Age: 64
Posts: 61
Likes: 0
Received 0 Likes
on
0 Posts
MK possible grounding due funds
Hearing rumours of a possible Grounding by UK CAA due to insufficent funds to continue flying anybody confirm or deny !!!!!!!
Join Date: Apr 2004
Location: EGMH..a down, not yet out, formerly awesome airfield
Age: 55
Posts: 375
Likes: 0
Received 0 Likes
on
0 Posts
MK finances?
There is already a thread running in the rumours & news section on this.
No real news known yet but maybe the company has stopped itself flying over money worries as opposed to the CAA having grounded them. Hopefully we'll be enlightened today.
No real news known yet but maybe the company has stopped itself flying over money worries as opposed to the CAA having grounded them. Hopefully we'll be enlightened today.
Join Date: Feb 2008
Location: brazil
Age: 54
Posts: 26
Likes: 0
Received 0 Likes
on
0 Posts
Friends in Ostend, report 3 Boeing 747 at Ostend Airport Belgium. One is parked since saturday (ex flying tigers), another one since sunday (full mk livery) and a third one is parked since today ( ex china airlines).
Mk normally never stays over 24 h parked in Ostend.
Mk normally never stays over 24 h parked in Ostend.
Join Date: Nov 2003
Location: Nairobi
Posts: 318
Likes: 0
Received 0 Likes
on
0 Posts
Management
I am told that one major shareholder is out. If there was a dispute between shareholders which resultd in a failed cash call then liquidation or administration would probably be the best option. This does not mean the end of an airline and in some cases happily just the beginning !!!.
Join Date: Jul 2007
Location: entebbe uganda
Age: 57
Posts: 66
Likes: 0
Received 0 Likes
on
0 Posts
MK
Coleman , if correct its another sad day for an African Airline , but there are not many investors today who will sacrifice huge amounts of money , when the price of fuel is ever increasing
Join Date: Mar 2005
Location: Syracuse
Posts: 196
Likes: 0
Received 0 Likes
on
0 Posts
As well as the spiralling cost of fuel, I think the fact that they went through a large amount of engine changes over the past 12 months must have been very expensive.
Sad day for another cargo outfit.
Sad day for another cargo outfit.
