AFX - again !
 

I'm hearing strong rumours that AFX have gone under - again. Anyone know or heard the same ?

Probably tied up with the G-INTL thread posted just pre-hack

Heard that the 747 was back at STN;that PB couldn't get on with the administrators (even locking them out of the offices on one occasion);that the administrators are creaming(or more politely 'absorbing') anything AFX might make by the fees they are charging;that employees from the last time it went bust still haven't been paid;that over £13million was owed then;that pilots and mx are paid from AFX Engineering;that there is a deep suspicion that if the court case or the property deal pay out, PB will not use the money to settle the original AFX problems,but would start again...and that someone will reply to this along the lines..
Oh can't anyone say anything positive about AFX..and if you can't..don't say anything atall..etc..forgetting that some people have lost a great deal by getting involved with this sort of operation.Its a great pity that someone like PB is allowed to carry on starting airlines when his style of management is so suspect as has been shown by his past performance.It would be great if there was a solid longhaul .freight airline in the UK

Hmm
 

Abra: Some points may be valid, some just speculative... the information I have is that AFX were operating some 350+ block hours over the past couple of months... so why stop what appeared to be a good operation, one that was making money???... where people get paid from is little consequence, look at half the airlines operating - they all consist of a group of companies, and quite rightly operate them to their benefit, so I don't think the AFX Engineering thing is anything major... never mind though, the Freight Dogs forum has been quiet of late, so I guess everyone has something to talk about now!! :rolleyes:

Still, maybe if PB can get rid of the administrators, we will have a "solid longhaul freight airline in the UK".. something we'd all like to see!!...

P.S. the (even locking them out of the offices on one occasion) is just rumour...


:)

Its well known within the industry that AFX has been supporting CC with the MAS contract.
The MAS contract called for 3 x 742Fs, CC had 2. AFX provided the 3rd one.
These are surely guaranteed b/hrs, flown or not? (ie minimum monthly guarantee) Guesstimating $4000-4500/hr ACMI at today's rates; 200-250 b/hr month?

Me tuppence worth.

edit:spelling

Please keep in mind that from legal point of view AFX flying now (or flown recently) 1x747F for Atlanta/MAS IS NOT AFX which gone into administration. It is different company and administrators clearly said that in the message to creditors. So creditors are still waiting and has not received any single penny from PB.

AFX AOC was withdrawn last Thursday at the request of the administrators....

Didn't PB use to own a Viscount operation years ago ??

Nope!
 

Correction, I think you'll find the AOC was voluntarily suspended, as opposed to withdrawn - different thing entirely!...:rolleyes:

JFF :cool:

Although I don't know the slighest bit of info on this case at present - apart from what is provided here - I know of the Administrators involved.

Usually, Administrators have no concept of how to run the business that their trying to save.

In this case, one of them involved happens to THINK he knows something about the business......sadly he's mistaken!

Now, any administrator worth their salt would look to an industry expert to assist the company to restructure and operate profitably......Again in this case, I think the opportunity to take on this expert will be lost and the company doomed to failure.

If there is an industry expert involved then no doubt the Administrator is probably NOT giving the opinions the Expert has put forward.....

Something about a leopard and his spots!!!

Gosh chaps..I'm with nearly all of you..cos you're nearly all correct...as Viking said..looks as though AFX(Mk?) is going under.As Opsisgr8t said... AFX was what APPEARED to be a moneymaking good operation....OK Cargo One is probably incorrect when he said .. AFX now flying is not AFX in administration,I think they are,but PB has AFX Engineering waiting in the wings which is NOT in administration.Yes,LGW Vulture,administrators earn money for their own companies and have no knowledge of how to run a cargo airline,and Justforfun,voluntary suspension or withdrawn AOC?..its the same thing in the end surely.
But if you are trying to bring the bread and butter home to mum,would you work for AFX?That is my point and warning to others.
We'll see soon what the Scottish Banks make of all this.
Right idea ...wrong bloke...and yes,he was involved in a Viscount operation some time ago.Why Oh Why can't people say anything positive about British cargo airlines....answers on a small postcard.

AFX-again
 

The ongoing discussion about AFX going under again appears to be very true as I am in close contact with a pilot who was flying the MAS contract out of KL. He is still owed salary from the 'previous AFX!!!' and is still awaiting payment from 'the NEW AFX!!!!' or should I say AFX engineering, a hiding place by any other name. As far as PB is concerned he does not like anyone critisising or trying to better his operation even if they do know better. As the old statement says 'It's my ball and nobody else is playing with it'. Maybe a pheonix will arise from the ashes once again but it can only survive with top class management who respect their employees.

Has AFX gone under or are they still operating they still seem to have staff in the office at LHR.:confused:

AFX, AGAIN
 

Theyare still operating 1x B742F aircraft hence staff & offices at LHR

AFX
 

This ( and the owner Mr PJBowles ) is a company you can never write off because the crew and staff are amazingly loyal. I believe they are about to relaunch as Air Bangladesh with a replacement 747, having been grounded for 2 months. The old a/c, G.INTL has been stuck at Stanstead, apparently awaiting repayment of a loan from a major bank. There is definitely a niche for a small UK B747 freight operator so I hope this is third time lucky for them
Cheers,
Y

Given the dreadful record of 'small UK 747 freight operators' in losing vast amounts of money for their backers over the years, what in Gods name makes you think that? :=

Which other "small UK B747 freighter operators" do you have in mind?

Freight
 

Hi S.C.
Freight is great, you can't send it down a wire or via a wave
( video conferencing ), it doesn't catch SARS and at the moment there's tonnes of it to shift!
Cheers, Y
ps was your master that Austrian guy who wrote the wave equation I struggled with at Uni?

Thunderball, in the words of Fermi....if they existed, they'd be here. If there was any niche for a UK based freight 747 operator the market would have supplied one. The UK aviation environment does not lend itself to competing against fly by nights like MK, and with the mandatory upgrades of navigational equipment together with the strict regulatory regime there is little if any incentive to start up from UK.

Yotter....it depends on your point of view ;)