Emerald
 

Any news on the rumour that they are losing or giving up their Shorts

I think loosing 'may' be the operative word.

Is this because the Streamline deal is about to be null and voided ?

Seems like a long time ago that deal was done, but then I suppose a bit like a house, if you cant keep up the payments, someone will come and take it away from you.

Could be the bank is forcing a sale of assets to repay against their debts.
Pure supposition, but makes sense for them.

Purely supposition too, but that only works, if, in the first place you told the bank the real value of said assets.

Good point, but if the bank is forcing a sale, then they dont really care what value has been assigned, they just want as much as possible, as quickly as possible.
Valuations only matter in calculating interests on debt accrued against assets.

Absolutely, but say 'hypothetically' a company were not doing too well with the bank, so they told them that the assets were worth a hell of a lot more than they actually were.

Great, the bank are happy as they think that at least the assets are there if it all goes wrong and at least they will get some of their money back, so they let them continue on.

Imagine the banks reaction when they discover that what these assets were valued at on paper is way off the mark to what they are actually worth, I wouldnt imagine that they are very happy and would be well within their rights to demand that action is taken (the rumours about the shorts fleet being sold to BAC ??), of course its all hypothetical.

Shorts for sale
 

Some of the Shorts fleet has been up for sale for some time.

A quick troll around the internet will give you the details i.e

"4 Shorts SD3-60-200 Available for Sale!
"Build Your Own Spec"
We have 10 aircraft to choose from. 1983-1987. Mix & Match engines, props, airframe to meet your requirements. Contact us today for detailed information".

Should be an interesting day at Portacabin towers today with the bank AND the accountants popping in for tea and biscuits.

The end of the financial year is up and coming! why shouldn't the bank managers and accountants pop in for tea and biscuits?:O

Because Emerald Airways year end is 31/08 this year, not april.
Year end is when the company decides it is.

Methinks there should be some interesting discussions there today...

Nothing to worry about then:)

So why take a team of lawyers along too then:confused:

Are BAC on the comeback then :uhoh:

Bet its taken over by private equity.

Yes by all accounts thats what the early indications seem to be.

I dont think the Shorts fleet, and some other bits and pieces will be included in that tho.

I wonder what the RM and others are making of it all ??

Bet the whole fleets included....

Well its the day after yesterday the birds are all flying and not a suit in sight - me thinks EI-CGO and Daede 1 are telling a few porkies - grinding axe comes to mind - perhaps they would like to tell us more!

Wait and see sonny jim.

Where's Dada when you really need him?:E

So Daede 1 and EI-CGO what lies and fabrications are we concocting for this week - wonder if you will ever have the b**ls to share with everyone what your gripe is - then again its easy to throw stones from a distance isn't it ???

Is balls a swear word?
Dartdriver, get off your high horse - no one is casting aspersions on Emerald that havent already been mentioned on Pprune. I think you will find that most people would like to see Emerald keep going, but are intrigued at the way the company seems to lurch from one crisis to another.
If you have a problem with anything that is said on here about Emerald, then feel free to comment, but dont be such an idjit and assume that anyone will pay attention to you when you talk !!!!!e.
Also ref gripes with Emerald - i have none, quite the opposite in fact.

Doesn't really matter if it is a swear word of not - no one seems to monitor this site anyway - looking at the speed they reply to emails or complaints.

For a person who say's they have no gripe or axe to grind you seem to enjoy peddling un-substantiated rumours a lot.

Perhaps you might one day step back and just think for once what effect these may have on the good people who work night and day for Emerald.

But then again, using your own words you don't give a s**te!

The site is monitored.

"un-substantiated rumours"

PPRuNe is a Rumour Network.

Merci bucket for pointing that out. I think some people forget that fact.

well if that is the case CR2 perhaps someone may have the good manners to reply to legitimate emails !!!!!

my contacts at gem tell me there is a big announcement due shortly???

If, like you seem, someone in command of the FACTS, then you will know full well that a meeting extremely important to the future shape of Emerald took place on the 16th, if you have facts to the contrary then please feel free to share them.

Oh, and I have NO gripe or bitterness with Emerald whatsover, at no time have I ever concocted anything or repeated something I hadnt heard on good authority, after all this is a RUMOUR board isnt it ?

If you are connected with Emerald why should RUMOURS about private investment, or potential new backers be such a major issue to you as your posts seem to indicate, surely this is POSITIVE and may be the best thing to happen to the company for a long time, or are you someone who stands to loose out, or see an empire collaspse with the arrival of fresh ideas ??

dada's still here. i used to have a great saying about this lot. anyone remember what it was........?!

Something about excrement precipitation wasn't it?:E

EI -CGO says:

"Should be an interesting day at Portacabin towers today with the bank AND the accountants popping in for tea and biscuits."

EI - CGO says:

"If you are connected with Emerald why should RUMOURS about private investment, or potential new backers be such a major issue to you as your posts seem to indicate, surely this is POSITIVE and may be the best thing to happen to the company for a long time,"

Am I missing something here. Are not the comments and insinuations made in post one (and the effect it has on people connected with Emerald) especially with the tea and biscuits jibe, totally opposite to those made in Post 2 ???

I think you must be of a VERY sensitive dispostion if you think my comments have a detramental effect on those connected with Emerald.

For that sort of thing all you need do is a search of these pages and you will find plently more with an axe to grind than me, with a hell of a load more nastier things to say.

Lets just see what happens now, an announcement in the first few weeks of March (????), contrary to what you think I have my fingers crossed that FRESH ideas are coming in.

Is there still that airline running HS748's around Lokkichoggio in Kenya?

do i detect MOB's empire shrinking..??

probably not a bad thing

fresh ideas are one thing emerald does need

Looks like the 10th of March will be a busy day at Portacabin towers by all accounts.

(Thats not too much of an insinuation for you is it DARTDRIVER?)

seems to be a lot of emeralds 748 fleet at blk

JD,FW,UV,BA,EI ??

an ATP and at least 2 360s

Not looking too good is it. Have they got anyone to fly them? Or have they been robbed of parts? Also rumour the lights are off at CVT - any news?
The last one out won't even be able to do that now!!!

This is my poker face :suspect:
Keep an eye on developments over the next coupla days.

This is my just fell flat on my a**e cause its pitch black in the hangar face :eek:

Oh dear, I hope this is just a temporary thing for all my ex-colleagues.

Good luck chaps/chapesses

quickQ for the budgie drivers

is it one of you lot that flies overhead Blackpool most nights at around midnight............definatly sounds dart to me?

Any news yet or any big announcements?

Do you guys have any clue who you'll be working for in a week's time??

:)