AV Cargo
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AV Cargo Running Again
The 2 Directors of AV Cargo, having screwed Avient over, have now registered a new company "Global Associated Aviation". Looks like they are preparing to dump on everyone and run to a new company. BEWARE!!
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same old,same old!
Yep that's true,incorporation date 5th June address Suite 5F Gatwick House which is the AV Office and Directors Clarke and Glover,all info available on net.
This is exactly what happen when Avient went down and AV rose from the ashes.Really sorry for those who work for AV if they are treated the same way as Avients were.Will watch and see!
This is exactly what happen when Avient went down and AV rose from the ashes.Really sorry for those who work for AV if they are treated the same way as Avients were.Will watch and see!
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Is that 'Global Associated AViation'?
Err . . . associated with what? Umm, let me guess.
A company with no connection at all to Avient, or AV Cargo . . . here we go again.
Caveat Emptor. Funny how the same old names crop up, eh?
Err . . . associated with what? Umm, let me guess.
A company with no connection at all to Avient, or AV Cargo . . . here we go again.
Caveat Emptor. Funny how the same old names crop up, eh?
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AV Cargo Running Again
Just for clarification the only connection with Avient is Clarke and Glover. There are a lot of good guys and girls that will be shafted. I understand it's already happened to some of them.
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There are a lot of good guys and girls that will be shafted. I understand it's already happened to some of them.
I wonder if they've updated their version of Photoshop yet . . .
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How could they leave the loved ones
Avient Ltd owes at least £20.7m to more than 350 creditors, but with question marks over the company’s assets, an estimate by administrator Portland suggests that creditors may only receive between 3% and 5% of their claims....
A creditors’ committee was formed in June to agree to the new plan, although a lack of transparency into Avient’s finances, which have not been updated since May 2012, is hampering efforts to resolve outstanding issues. Challenges include the valuation of DC10 spare parts, which according to Avient have a book value of £2m, although this is disputed. The finances have been further complicated by an HMRC tax investigation into Avient’s affairs, which were spread across some six connected companies. The former directors, Andrew and Sam Smith, had also withdrawn some £594,000, which was unaccounted for in the books, and which, depending on an HMRC decision, may need to be recovered. In addition, the families of two crew members which died in a 2009 crash also claim not to have received the €1.5m settlement from an insurance policy which paid out to Avient.
A creditors’ committee was formed in June to agree to the new plan, although a lack of transparency into Avient’s finances, which have not been updated since May 2012, is hampering efforts to resolve outstanding issues. Challenges include the valuation of DC10 spare parts, which according to Avient have a book value of £2m, although this is disputed. The finances have been further complicated by an HMRC tax investigation into Avient’s affairs, which were spread across some six connected companies. The former directors, Andrew and Sam Smith, had also withdrawn some £594,000, which was unaccounted for in the books, and which, depending on an HMRC decision, may need to be recovered. In addition, the families of two crew members which died in a 2009 crash also claim not to have received the €1.5m settlement from an insurance policy which paid out to Avient.
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An in brigmerston all is quiet
How a perfect English gent in a rural idyll profits from a bloody African war | World news | The Observer
Somebody with a past has droped a dept of 20 million and got off scott free ... ... ... revolting that they put all of these staff and crew in this position.
Not paying the relatives of the result of the crash ... not very nice sir
Somebody with a past has droped a dept of 20 million and got off scott free ... ... ... revolting that they put all of these staff and crew in this position.
Not paying the relatives of the result of the crash ... not very nice sir
Doublestorey
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Complex issues
Well,Avient like any airlines was affected by the downturn in the economy,but they made the huge mistake of trying to get an AOC for Belgium.The newly appoint CEO talked the talk (originally a salesman)but had no chance and basically wanted anyone who disagreed out and put his own people in.Now we have a company (AV)having problems and another company registered (GAA).
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OVER!
New post on The Loadstar
New ACG set for take-off, while AV Cargo chiefs launch a new operation
by Alex Lennane
Defunct air freight operator AirCargoGermany is getting a new lease of life next month, taking off with new livery and a new name, while the shareholders of controversial operator AV Cargo have launched a new company, Global Associated Aviation.
AirCargoGlobal will make its first flight early next month, operating one 747-400SF, which had been leased to AirCargoGermany by Avion Aircraft Trading.
The new ACG is expected to launch services to Asia, initially from Frankfurt-Hahn to Shanghai, and Hong Kong.
According to a local source, the airline is hoping to receive a second 747-400F in September. Its livery will change this week. The new carrier has a Slovakian AOC, and services will stop in Bratislava or Dubai on its way east.
Many of the team were involved with Air Cargo Germany, including CEO Andrey Goryashko, formerly VP strategic development, and the directors of flight operations, ground operations and network planning.
Meanwhile, the directors and shareholders of MD-11F operator AV Cargo, Simon Clarke and Neil Glover, incorporated Global Associated Aviation, in June. Based at the same UK address, the move has fuelled speculation about AV Cargo’s future.
AV Cargo was born out of the liquidation of Avient, a Zimbabwean-registered carrier which appointed an administrator in April last year, but went into liquidation in November.
Mr Clarke and Mr Glover incorporated AV Cargo in January 2013, took over over the management of Avient from Andrew and Sam Smith two months later, and were apparently unprepared for the extent of the dire financial position the company was in – with debts of some £20m.
Administrator Portland suggested that, with creditors of Avient unlikely to get more than 5% of their claims, by using the new sales arm AV Cargo they might receive up to 20%. AV Cargo itself had hoped to gain investment from sales agent ECS, possibly through acquisition, but Companies House records show that did not happen.
According to administration documents, Avient gave a temporary interest-bearing facility of £300,000 to AV Cargo, available from debt collections, as well as staff under a managed services agreement, which allowed Avient to recharge the costs plus a monthly £5,000 management fee.
AV's third MD-11F in Jakarta
The liquidation of Avient is still under way. Last month Portland revealed that a new liquidation committee had been formed, consisting of Asecna, which was owed some £2m, HM Revenue and Customs, thought to be due £1.2m and World Fuel Services Group.
AV Cargo, meanwhile, expected to receive a third MD-11F into its fleet in April. It arrived in Jakarta for a heavy ‘C’ check in March after delivery from lessor PAFCO in November, but according to aircraft data website Planespotters, it has been stored at Jakarta Airport since April 30.
In October, AV Cargo signed an interline agreement with Saudia Cargo for its Lagos services, but the relationship has been on hold for some months, after the operation in Lagos became "irregular", according to one source.
AV Cargo was unavailable for comment before The Loadstar published.
Alex Lennane | July 21, 2014 at 2:49 pm | Categories: Air, Loadstar posts | URL: Air cargo operators AirCargoGlobal and AV - The Loadstar
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Air cargo operators AirCargoGlobal and AV - The Loadstar
New ACG set for take-off, while AV Cargo chiefs launch a new operation
by Alex Lennane
Defunct air freight operator AirCargoGermany is getting a new lease of life next month, taking off with new livery and a new name, while the shareholders of controversial operator AV Cargo have launched a new company, Global Associated Aviation.
AirCargoGlobal will make its first flight early next month, operating one 747-400SF, which had been leased to AirCargoGermany by Avion Aircraft Trading.
The new ACG is expected to launch services to Asia, initially from Frankfurt-Hahn to Shanghai, and Hong Kong.
According to a local source, the airline is hoping to receive a second 747-400F in September. Its livery will change this week. The new carrier has a Slovakian AOC, and services will stop in Bratislava or Dubai on its way east.
Many of the team were involved with Air Cargo Germany, including CEO Andrey Goryashko, formerly VP strategic development, and the directors of flight operations, ground operations and network planning.
Meanwhile, the directors and shareholders of MD-11F operator AV Cargo, Simon Clarke and Neil Glover, incorporated Global Associated Aviation, in June. Based at the same UK address, the move has fuelled speculation about AV Cargo’s future.
AV Cargo was born out of the liquidation of Avient, a Zimbabwean-registered carrier which appointed an administrator in April last year, but went into liquidation in November.
Mr Clarke and Mr Glover incorporated AV Cargo in January 2013, took over over the management of Avient from Andrew and Sam Smith two months later, and were apparently unprepared for the extent of the dire financial position the company was in – with debts of some £20m.
Administrator Portland suggested that, with creditors of Avient unlikely to get more than 5% of their claims, by using the new sales arm AV Cargo they might receive up to 20%. AV Cargo itself had hoped to gain investment from sales agent ECS, possibly through acquisition, but Companies House records show that did not happen.
According to administration documents, Avient gave a temporary interest-bearing facility of £300,000 to AV Cargo, available from debt collections, as well as staff under a managed services agreement, which allowed Avient to recharge the costs plus a monthly £5,000 management fee.
AV's third MD-11F in Jakarta
The liquidation of Avient is still under way. Last month Portland revealed that a new liquidation committee had been formed, consisting of Asecna, which was owed some £2m, HM Revenue and Customs, thought to be due £1.2m and World Fuel Services Group.
AV Cargo, meanwhile, expected to receive a third MD-11F into its fleet in April. It arrived in Jakarta for a heavy ‘C’ check in March after delivery from lessor PAFCO in November, but according to aircraft data website Planespotters, it has been stored at Jakarta Airport since April 30.
In October, AV Cargo signed an interline agreement with Saudia Cargo for its Lagos services, but the relationship has been on hold for some months, after the operation in Lagos became "irregular", according to one source.
AV Cargo was unavailable for comment before The Loadstar published.
Alex Lennane | July 21, 2014 at 2:49 pm | Categories: Air, Loadstar posts | URL: Air cargo operators AirCargoGlobal and AV - The Loadstar
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Air cargo operators AirCargoGlobal and AV - The Loadstar
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Maybe because they rainchecked their latest payments there, as they did in France...?
Are cargo airlines Ok for that website?
Welcome to Freight DeadBeat (Freight Dead Beats)
Are cargo airlines Ok for that website?
Welcome to Freight DeadBeat (Freight Dead Beats)
