AFX and rubber cheques?
Joined: Apr 2002
Posts: 168
Likes: 0
From: Over here
Here we go again!
Jeez... surely someone can start posting positive comments about AFX... the problems they've had are well documented already on this forum - what about the upside, like the fact the AOC was reinstated and the A/C is flying regularly again!!
Joined: Feb 2001
Posts: 1,117
Likes: 14
From: Europe
cargosales,
It is fact - they owe us (our company) some money - nothing has been paid and even no signs that they are going to pay. And I've spoken to other people in industry - they confirmed debts are not paid as far as it concerns their companies. The debts we are talking about are between $20k to 6-digit amounts per supplier.
For obvious reasons I cannot disclose names and sums.
PS: CR2, I hope you don't expect me to scan invoices, correspondence and docs ref to court and AFX administration team and make them available here just to proof what I'm saying?
It is fact - they owe us (our company) some money - nothing has been paid and even no signs that they are going to pay. And I've spoken to other people in industry - they confirmed debts are not paid as far as it concerns their companies. The debts we are talking about are between $20k to 6-digit amounts per supplier.
For obvious reasons I cannot disclose names and sums.
PS: CR2, I hope you don't expect me to scan invoices, correspondence and docs ref to court and AFX administration team and make them available here just to proof what I'm saying?
Joined: Apr 2002
Posts: 50
Likes: 0
From: UK
AFX
When a company is 'in administration' doesn't it get protection from its creditors to allow it to carry on in business in the hope that debts will be eventually paid off. So this implies to me that whilst AFX certainly does owe people money, perhaps for a considerable time, there is a chance of repayment. Isn't this what they call 'Chapter 11' in the States? When a company goes bankrupt, the assets are liquidated and the creditors line up behind the big guys ( VAT, bank, inland revenue, staff - not necessarily in that order) to see if they get anything.
Any asset strippers out there care to comment?
Cheers, Y
Any asset strippers out there care to comment?
Cheers, Y
Joined: Nov 2001
Posts: 0
Likes: 3
From: uk
Bravo AFX
Yotter - some fact at last, I'm no legal eagle but I believe you are right. I suggest all you creditors out there (including ex-employees) wish AFX the best if you want to see any return.
I think they've done fabulously considering the times they've been through. British bulldog spirit and all that, don't you think that kind of determination warrants some rewards - stop slateing and start backing.
Keep up the good work AFX!!
I think they've done fabulously considering the times they've been through. British bulldog spirit and all that, don't you think that kind of determination warrants some rewards - stop slateing and start backing.
Keep up the good work AFX!!
Joined: Jun 2002
Posts: 240
Likes: 0
From: tracy island
subject top(?) flight ops chair-fod
if i am to believe my ears and CR2 is listening.rommel told me
has the post ..details some what sketchy tho.. still he does know his stuff for a young man..all will be revealed later i guess
if i am to believe my ears and CR2 is listening.rommel told me
has the post ..details some what sketchy tho.. still he does know his stuff for a young man..all will be revealed later i guess
