Long Term 'Loans' Debt
 

Unless you have long term loans granted like the ones alleged to exist in New Labour :p
Serviced by the Honours system

Coal driven aircraft
 

MBO all sounds very nice :D

However, I'm pretty sure that most of Emeralds fleet requires a few of those whizz bang gadgets mentioned in a few of the above replies as per

http://www.caa.co.uk/docs/33/FOD200604.PDF

Which for an aircraft like the Budgie is gonna cost a bit.

Am I Bovvered, Do I look Bovvered...............

In Paragraph 2.1 it says that TAWS is only required for passenger carrying aircraft (more than 9 but less than 30 pax)...

It does not matter if they are operated as passenger aircraft - the definition is whether they are authorised to carry passengers which of course the 748 and ATP are.

I think this issue is being over-complicated.

Going into administration allows the company breathing space to sort out; the problems with the CAA which now seem to be administrative, get creditors off their back (for a while at least) and for the Administrator (who is now in control of the company and to a great extent their future) to sort out the best deal for evryone all round.

This could involve slimming down to become more efficient (eg get rid of the ATPs which have been and are expensive and a change of what previously was a successful strategy),selling off part or all of the company (but remember Air Cons after examining the books last year decided not to go ahead but stand back and pick up the pieces which is now looking to be a wise move on their part) or simply liquidising the company.

The latter will probaly only happen if there is sufficient equity in the company ie umortgaged aircraft, buldings (if owned by Em), land (eg at LPL which will be worth a bob or two) and whatever assets there may be at BPL.

This could happen if at the forthcoming creditors meeting they all vote for it. They may prefer to take say 40p in the pound of what they are owed and run.

Niether AJ nor MOB have much say in the company now as it is being run solely br the Administrator who will make all strategic decisions.I hope when they examine the books they uncover the huge wastage due to MOB's crass decisions and controlling of the company. He should have remained at what he was good at, a ramp handler CEO he is not.

JEMB was out today doing engine runs at Blackpool

MOB - is he such a good bullsh!tter that he'd wangle himslef a job in another airline or is his reputation within the industry sufficient to have finished him off ?
if only somebody would...............

Take it from me, who is a guy who used to finance and repo such flying machines and equipment .....every plane and I mean every plane, would be now back under my control or if wholly owned, under the administrators control. Remember the banks may hold debentures over all assets not specifically financed. Yes, present legislation is mean't to protect the business and maintain it as a going concern, but if no cash is available to run it, there can only be one outcome.

Purchasers come forward please..there is a deal to be done that is the clear message!

I've been around since the Laker debacle and seen it all before. Infact I'm glad to be out of the game now.

Get your rose coloured specs off...the longer there is no flying, a break up/sell off situation becomes a stronger eventuality..don't be mislead by odd maintenance flights to keep the fleet airworthy.

If he ever had the nerve to ask me for a job I would wet myself from laughing, anyway what could you possibly find for a barrow boy meglomaniac to do? What was his favourite saying? "Do you know who I am" yes we do, you are a sad little boy who's ego is bigger than your head and now your self made empire has hit the fan, you are unemployable and hated by most of the people who know you. How does that feel? What goes around comes around, it's one of the laws of the universe.

Shed crews bben made redundant
 

Hi

Can anyone confirm that all the fleet pilots been made redundant as from the 11th May.

Is administrator trying to make all the people redundant and ask them to apply again, when the new shape of the company will take place near future, or this is the end of Emerald now.

Cheers
Siduk

Worked at Emerald and can honestly say that I'm very surprised that the proverbial hadn't hit the fan long before now.
Sympathies to the hard working staff.
No sympathies to the cockney barrow boy with the tassled shoes.
I'll never understand what the ladeeeez saw in him!
What goes around............:ok:

It seems that the shorts crews have had redundancy letters today.
A great shame, a good fleet of aircraft and great crews flying them, lots of work and effort in keeping them flying and now all gone.
What a waste!!
Maybe someone will buy whats left and get them up and running again.

jemgirl
 

looks grim don't it? just wondering when the atp fleet will get their notices as i've heard a rumour we're to go too. personally i'd like to know sooner than later. this is torture! need to book me appointment at jobcentre. yes, i still have a sense of humour. god knows how. it was great working with everyone. hope everything works out for you all.you'rea great bunch and i've loved every minute of working at emerald! better go, misting up now.!!!!:{

Ah b****cks. Sorry to hear that, I hope you all find positions soon.

Good luck Buddys.

if i were still turning up working at emerald i would want paying by the day end of each shift....you just cant trust them

as an aside i presume before Emerald got hold of streamline that it was a profitable and fairly well run organisation.

Certainly when i first got my hands on the shorts they seemed to be in fine fettle....sadly that didnt last long

It was a wonderful Airline run by the best people I ever worked for and worked with. The worst thing they ever did was to sell it.
My deepest sympathy to you all and good luck.

I have heard that some of the Shed Crews and Cabin Crews along with one or two from Ops have recieved notice of redundancy today. Can anyone confirm. I thought there was plenty of work for the Sheds and at least four sheds:( ready to fly. Starting to get very confused. Nothing on the company e-mail.

I am led to beleive the early rumours of MOBs departure were unfounded

as yet none of the cabin crew have heard anything by post.think that may all change though by next week!! defo know one of the crewing lot have gone.have heard that the chances of getting the aoc back are pretty remote too. preparing my cv as we speak.!!!!!!!! someone in management must know something. share! :\

Its true....the shed lot, the majority of what was left of the crewing department, half of the ops department....all dissmissed by a standard letter from KPMG and without the knowledge of the relevant department managers. For the record KPMG im Miss not Ms and it would of been nice for you have bothered to type the Madam rather than scrible out the Sir and write it or maybe even type my name!!!

But still i have loved my time at Emerald even though its been hard work at times, wish all my good friends who are still there the best of luck it seems they will need it!!

Finally though they may now need to employ a cleaner for the upstairs loo and kitchen, and get those type ratings on Henry going!!!:D :D

Sad way to end
 

Good luck to all in finding another aviation job

Some of us have been down this road and we do understand.

So good luck.:ok:

KPMG
 

Shine a light
 

Interesting in reading this link. More than the company has told us!!!!! Besides the AOC being suspended temporarily. It's a public notice from the Administrators. :sad:

No surprise really. No proprietor would hand over control to accountants on Beckham's hourly rate of pay unless there was no other option. Cash is king in business. Shame, i hear that they cleared six figure debts in the last year. Sounds like they underestimated the CAA's determination this time round. Obviously normally generating a substantial cash surplus, so fingers crossed for an eager buyer.

Best of luck to the Shed crews, Ops and Hosties and the remnants at Lpl

come on be supportive to shed folks, who are victims
 

Hi

Be supportive to those who needs the informations and help to get another job, mainly Shed folks.

Shed been a victim of this cruel mob and his policy making.

Long live Shed

siduk:ok:

Its not just the shed crew there is others of us who are out of work! Dont forget that one!!

good luck to the rest of the victims
 

Hi

Not being offended to those who were part of the team to make this company going not the MOb from the Jungle.

Hope we all will find jobs sooner then later to avoid this pain and agony, given to us by animal from jungle mob.

siduk:ok:

The thought police are onto us!

We had a thought of our own and that can't be allowed to continue.

Imagine the consequences!:ugh:

Looks like Administrators are doing the burial arrangement for this weekend
 

Hi Everyone concern

I spoke to a good source and looks like funeral arrangement is under way for Emerald, as they have failed to regain their AOC. Administrators are working upstairs to put Emerald under the ground.

What a waste of a good money making company to go down under like this.

By next week comes more pilots, cabin crew, ops, and office staff will be joining the dole as we have from the 11th Shed and some of Ops and Crewing gone.

Be brave nervermind one door closes another one opens in life.

Good Luck all:confused:

funeral wreath ?
 

Sad to hear if this is true. Someone somwhere must have really crossed swords with the CAA for this to have happened.

So what happened to the "We are working to get the AOC back?" and "Has been temporarily suspended"

yes it.s true. got my redundancy through post this morning. have to say i,m relieved. felt like i was in limbo. at least now i can move on and hopefully get another job. most of the staff were great and i,ll really miss them. good luck to all, hope it all works out. anyone need a home help. i make a lovely cup of cofee!!! don,t suppose i can call myself jemgirlanymore. :{

Wouldn't like to be at the Funeral
 

It's a big joke from the Management, saying we are going to rescue the company from drowning, when the boat is already burning in the middle of ocean which is not far from Liverpool.

MAYDAY MAYDAY MAYDAY call was too late folks, no chance for survival.

Dont bothered shedding tears on this company.

I like to see the mob :E getting buried too this weekend.

Get your shovels ready to throw the sand over the coffin.

Cheers

Siduk:ok:

"I like to see the mob getting buried too this weekend.
Get your shovels ready to throw the sand over the coffin."

You're sick. The bloke was only doing his job. If it is so easy to manage a 20 strong fleet operation, why aren't you doing it, and earning the supposed massive salary?
If it wasn't for incompetent pilots going off the end of runways, or not managing to follow a checklist properly then you all might still have job. You can't blame him for everything.
Some poeple need to take a good look in the mirror. MOB faults are a handy distraction from other poeple's ineptitude. Don't get me wrong, he is abrasive to say the least, but this MOB bashing is out of proportion.

Weneedpilots,yup his jobs a piece of wee wee,so much so that virtually all other occupiers of his post manage to do it without resorting to daily"morale boosters" of the variety that well hung ops gimp has described.

Have you actually read this post through? Or are you yet another numpty with no knowledge of the operation or the man?:mad:

Viewer,was that deleted by you or "operations"

Bad tradesman always blame to his tools
 

I do understand the problem with some pilots poor performance, but this shouldn't have been allowed to happened if they would have had proper training and proper maitenance of the aircrafts and a good leadership to allow to meet the high standard in aviation world which is not much to ask.

Ops guys can only do their jobs, what the big man wants them to do. Stop blaming to the tools when the trademan doesn't have a clue how to keep his tools well in service.

Siduk

Peeved, doesn't even come close
 

Incompetent Pilots ???

Working at 3am, Fatigued in aircraft designed from World War Two engineering..........I'd like to see those that criticise try their hardest landing in crap wx down to minimums. Before making such judgements, perhaps we should wait for the AAIB reports, like gentlemen (and ladies) ?

99% of the pilots worked F***ing hard to keep the company operating.

There was only so much banging a head against a brick wall that one could take.

The CAA have a job to do; if the company could not be run properly, did not have a rigourous maintenence schedule, wasn't prepared to invest in crew/resources/aircraft, happy to allow problem after problem manifest into a FUBAR situation, then the management have only themselves to blame. The workforce often raised problems that could have been fixed - logically. But hey, why not just bury heads in the sand, call the CAA nasty names and it will all blow over.

My best wishes to those that make nice cups of tea/coffee, treat people with respect and fellow aviators.

Leadership requires respect......And in most cases you need to f***ing earn it.

Jenson:mad: :mad: :mad:

One Dot Right, your location says it all. Go and have another pint mate.

I see you side stepped the issue of pilots running off of runways by the way.
Just because I don't agree with your rantings, doesn't mean I am a numpty.
Not only I have I followed this thread, but the countless one's before, all with the same theme, mostly from the same few ppruners.

I have been on both sides of MOB, and he has really p*ssed me off in the past, but at least he kept the contracts flying, on UK registered A/C, with UK pilots for as long as possible.

It is a good insight into our market place that the majority of the fringe RM contracts are now being flown by foriegn reg A/C, with foreign crews. BAC, Channex etc.. all bailed out of the 3-6t market ages ago. If it was that easy to do, then surely a UK company would come and fill the gap that is left.

It looks a bit simpler through the bottom of a pint glass, or with your rose tinted glasses on I guess.

"I see you side stepped the issue of pilots running off of runways by the way."

A very recent event,and not one that would,on its own have caused the CAA to have pulled an AOC.

"all bailed out of the 3-6t market ages ago. If it was that easy to do, then surely a UK company would come and fill the gap that is left. "

Well yes,but all the time Emerald was going, and not following the rules that everybody else had to to keep their AOC's then it's very easy to have a monopoly innit?

Whether i'm wearing rose tinted specs and looking through the bottom of a pint glass or not doesn't alter the fact that a good, money making company has been reduced to nothing due to an egomaniac control freak with no regard for other people.

Kind regards