That was that....
 

Sterling no longer on the brink of bankruptcy. Sterling bankrupt.

http://sterling.no/


Sympathies to all affected.

Nu har det hänt, Konkad
 

Read on their homepage the letter of apology to customers and staff, tragic that this has happened. Feel sorry for all of my friends that work there.

VERY TRAGIC, for all those losing their jobs.

Two good airlines (Sterling & Maersk Air) f**cked over by pompous Islandic "&%/?"! investors.

Over the last 3 years the Airline has changed owner numerous times in a pyramid scheme raising its value fictitiously.

All the best to all the employees.

I am afraid I can`t wish the same for management.

my sympathies to all affected.

not management.

Hell, i should start making money on predicting the future. See my post nr 8 and watch the press conference at 1700 CPH Hilton, DY taking over Sterling and making a new base in CPH, hate to tell you i told you so Govregubben...

I think we all saw this take-over coming. It was just a matter of time really. Why buy something which is about to collapse when you can get it thrown after you after the fact? Dog eat dog. Eat cat too. :yuk:

Seem like Norwegian.no is the one that cover up for Sterling flying home stranded passenger, like Sterling did with Flyme...

Stirling
 

Sad ...Stirling have been taken many freezing danes (including me) to the south even as far as Sri Lanka, for ages. As far as I remember it was started by mr. Krogager, a charismatic priest of the Danish Chucrh as Tjæreborg Rejser, more or less as a hobby venture in the early 60'ties. It eventually became one of the top players in the charter buisness (together with Spies/Conair) during the next 25 years. Lately emerged as a low fare company and the fiscal deroute started. Many pax now have some uncertain hours around the destinations...... Who' nexts ?

Latest news is that Norwegian is interested in the leftovers ..

Stirling
 

Fra dr.dk:

Selskaber i kø for at hjælpe Sterlingkunder

29. okt. 2008 15.49 Penge Opdat.: 29. okt. 2008 16.17Det vælter ind med velmenende tilbud til strandede Sterlingkunder, der ellers stod til at være overladt til egen skæbne i udlandet.
Flyselskabet SAS udvider nu tilbuddet om hjælp til Sterlingkunder til også at gælde for de ruter mellem Spanien og Skandinavien, som selskabet Spanair dækker.

Skatter og afgifter

Også flyselskabet easyJet tilbyder at hjælpe Sterlingkunder på Sterlings ruter mellem København og Milano, London og Berlin. Her kræver de dog, at man betaler de ca. 330 kroner, det koster i skatter og afgifter og bagagetransport.
Rejsearrangøren MyTravel tilbyder egne kunder, der normalt ikke ville kunne få penge refunderet, fordi de kun har købt en flybillet, at de kan komme hjem fra udlandet med et af selskabets andre flyselskaber.
Tilbuddet gælder også for kunder, der endnu ikke er rejst ud, og som derfor under normale omstændigheder ville have mistet deres penge.

Også hjem med skib

Men det er ikke kun flyselskaber, der står i kø for at hjælpe. Også DFDS Seaways tilbyder, at danskere med flybillet til Sterling, kan tage færgen hjem fra Harwich eller Oslo.
Tilbuddet træder i kraft med øjeblikkelig varsel og løber frem til 6. november. Det gælder også for Nordmænd og Englændere med billet den modsatte vej.
Flere forsikringsselskaber har også taget spenderebukserne på. Således vil Codan sørge for, at deres kunder kan komme hjem. Det samme vil rejseforsikringsselskabet IHI, der også sørger for overnatning, hvis det bliver nødvendigt.

NAS tar ikke over Sterling eller noen del av konkursboet.

NAS begynner å fly noen ruter Sterling har trafikkert, det er det hele. I følge Kjos ble alle rutene og CPH basen planlangt natt til i dag, i tidsrommet mellom kl 03 og 05 :hmm:, for å avfeie enhver mistanke om varslet konkurs og ulik behandling av samarbeidspartnere og kreditorer i Sterling.

Sterling Airlines
 

Noen som vet hvor mange fly og hvor mange flyvere som var igjen i Sterling før konkursen?

Vikingdk, you was wrong and continue to be so.

NAS is picking up some of the production, maybe employing a number of flying personell.

That's all.

NB is bakrupt and 1200+ employees are on the street.

:cool:

B737 av varierande slag = 25st som går under deras AOC. En av dem tillhör deras "isländska" del och en opereras åt Titan.
Vet inte hur många piloter som berörs, men tippar på 3-400st om man ska gå på antalet flyg.

I am sorry to hear that so many people are out of a job again. Hope for blue skies and that something comes along.


AAI has been paying employees and contractors late for the last few months. So far the pay has been in and in full but the last one over 2 weeks late.
Cash flow problems sited and the Saudis notorious for not paying in time. This even as AAI receives most of its income in USD and a big chunk of employees paid in ISK reducing the overall employee costs. Not a good sign as to what is coming, time to lift the clutch I think.
Air Atlanta was purchased by management from the Avion Group that at one point owned the Excel Leisure Group. How was the company financed, where the loans in USD from Icelandic banks or from abroad? Is this why the pay is late? Banks can't finance the show anymore?

Looking at the economical situation in Iceland it just makes one wonder how anything commercial that has been financed from Iceland or anything to do with Iceland can survive?

Both Excel and Sterling are now out of business, one could say let down by their owners what is next? I am afraid that this will probably go much deeper than just aviation investments of the Icelandic so called "Business men". Watch out for large holdings owned by these people in and out of Europe. We have not seen the end of the Icelandic Economic disaster and the implications around the world yet.

What I really find surprising is that the Icelandic premier runs around the Nordic looking for more billions to cover for the stupidity they have started and a helping hand. Join EU and Euro. Yes now that things are really bad this is the life boat. Not so dear chaps, EU has enough poor countries to feed and help. No need for an Icebabwe. Get your act together and then perhaps.

It is a bit like I would run up a credit card bill on MC, pay that with Visa then pay the Visa bill with Amex and so forth until the limit comes. Then visit my neighbours asking them to pay my bills and credit card bills.

I am equally surprised about the lack of discussion about bringing those "Business men" in Iceland responsible for the chaos created by their total and utter mismanagement of funds into criminal justice and accountable for their actions.
This crisis has reached the magnitude and scale reaching far outside Iceland that the people in Iceland and their government should take severe measures to seek out and punish those responsible. If Iceland is unwilling to do that, then other governmets should take action against the culprits and their property.

AAI
 

Can i ask whats happening in AAI at the moment?. Does the world financial crisis influence aai in a great way? Are they hireing again soon. Is it a ok place to be? Lets just hope good things come along for those hundreds of people that lost their job in sterling!!!!
THX

Jeg viste Sterling hadde 150 piloter

DY moving in, setting up a new base with 8-10 aircraft and launching 11 new routes and thats a decision taken in the middle of the night before Sterling going bust, give me a break, how naive can you be.
All things set aside, its very good news for all the Danish boys and girls abroad, CPH base with a very fine company, I`ll bet there will be some stiff competition getting a seat there....:ok:

Hey Viking
 

Seems to me you are the only one who has picked up there is more than one way to buy a company. No Maersk versus Reds bulls#@t for the new owner and no union crap either. You are right about another thing too...those seats are reserved.
What a clever little Dane you are! Almost as bright as the Icelandic and the Norwegian.

Stiff competition indeed! Especially since there are a few danes and also Swedes who will grasp the oppportunity to come closer to home! The Sterling-group can probably look forward to a Oslo-base!

The return of the Sterling!?
 

Sterling kan være i luften igjen i neste uke - Aftenposten Reise

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