MK demise
Thread Starter
Joined: Oct 2006
Posts: 101
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From: South of the River
MK demise
Here is a news report of the current state of affairs A TROUBLED airline at Filton owes over £70,000 to Bristol businesses and hundreds of thousands of pounds to staff, who have not been paid since February.
2 pence in the pound? I think it is an absolute disgrace that our so-called "regulators" and government departments allow this sort of situation to happen to any British (well British-registered) company, let alone an airline. Good riddance to them, and let all creditors learn a big lesson.
2 pence in the pound? I think it is an absolute disgrace that our so-called "regulators" and government departments allow this sort of situation to happen to any British (well British-registered) company, let alone an airline. Good riddance to them, and let all creditors learn a big lesson.
Joined: Oct 2006
Posts: 47
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From: Sussex
You go to bed with dogs, you catch their fleas" ?
I've been to bed with a few dogs in my time but never caught fleas
(maybe the odd rash !)
For Mr Krugeur is an honourable man............?
Is he ? By the way it's spelt Kruger (you obviously know him well)
I've been to bed with a few dogs in my time but never caught fleas
(maybe the odd rash !)For Mr Krugeur is an honourable man............?
Is he ? By the way it's spelt Kruger (you obviously know him well)
Joined: Feb 2008
Posts: 26
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From: brazil
Unbelievable such can happen in the United Kingdom. As one B747 remained parked at Ostend Airport in Belgium the whole winter, awaiting a C-check, two remaining B747 were ploughing through the mud to keep the airline alive, meanwhile the management used a private B727 for their personal transport.
High time to put " the pirates of Sussex" on St. Helena in the middle of the atlantic ocean. This is about the only place where they cannot harm the business anymore.
I feel sorry for all crews, staff and third parties being crooked by this gang.
Nobody deserves to get 2p for every invoiced pound sterling.
High time to put " the pirates of Sussex" on St. Helena in the middle of the atlantic ocean. This is about the only place where they cannot harm the business anymore.
I feel sorry for all crews, staff and third parties being crooked by this gang.
Nobody deserves to get 2p for every invoiced pound sterling.
Thread Starter
Joined: Oct 2006
Posts: 101
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From: South of the River
How ridiculous is this?
All of those owed money by MK will be astonished to learn that Michael Howard - who handled the 2006-2009 CVA - was one of the finalists at the Insolvency & Rescue Awards 2009 (yes really) in the category Business Rescue of the Year >£51M Turnover see Insolvency & Rescue Awards
Makes you wonder what you would have to do to lose at such an event?
Makes you wonder what you would have to do to lose at such an event?
Joined: Apr 2010
Posts: 3
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From: Almost Homeless
Next there will be an award for Most alleged debt obtained by a company since coming out of administration in the shortest time.
And
Smallest payout by a company to the most loyal staff in the longest time.
And
Smallest payout by a company to the most loyal staff in the longest time.
Joined: Jan 2005
Posts: 235
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From: The Green Heart of Europe!
Oooh, a hundred and one airlines in the last few years.
Unfortunately, in today's industrial world, every employer goes for the least legal payout they can make - and many even push the definition of legal!
Unfortunately, in today's industrial world, every employer goes for the least legal payout they can make - and many even push the definition of legal!
Joined: Oct 2006
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From: Ostend
MK Airlines Flight Crew Association not welcome at latest creditors meeting
Apparently he "MK Airlines Flight Crew Association" wasn't welcome at the latest June creditors meeting in London! There sollicitors were trown out, because not a real creditor to the company...
A provisional liquidators was appointed, for what reason?
Normally next Wednesday MK is on the Winding up list of the Companies Court. I wonder what the judge will come up with this time.
A provisional liquidators was appointed, for what reason?
Normally next Wednesday MK is on the Winding up list of the Companies Court. I wonder what the judge will come up with this time.
Joined: Jan 2004
Posts: 129
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From: Surrey
Where are all the aircraft??
Can anyone advise on the location of all aircraft and spare engines owned by MK? I know there are aircraft at Ostend and Kemble but not sure about Bristol, Manston or elsewhere. I heard that two are somewhere in Africa. What about the old parked DC8's? Also the VIP B727 that is owned by MK?
My interest is bona fide in that we have a professional role to play in evaluating the assets.
My interest is bona fide in that we have a professional role to play in evaluating the assets.
Joined: Jan 2000
Posts: 2,372
Likes: 1
From: Asia
My interest is bona fide in that we have a professional role to play in evaluating the assets.
Whilst it's obviously in the creditors interest to have the assets found and used to pay MKs debts, in my experience company administrators know how to look after number one.
