Arena Aviation - closed
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Hmm.
Any legal folks like to define a semi-official sale? Is that before or after offer and acceptance subject to whatever?
I wonder how happy the creditors would be to know that some items seem to have been removed from the auction without others having the option to bid? Is that in thier best interests?
I won't bother attending the auction unless the catalogue is complete. Not going all the way there if the stuff I want may or may not already have been flogged off, quite possibly for less than I or others may have bid had there been a bit of competition. So that's one less prospective buyer.
Sorry, creditors.
Any legal folks like to define a semi-official sale? Is that before or after offer and acceptance subject to whatever?
I wonder how happy the creditors would be to know that some items seem to have been removed from the auction without others having the option to bid? Is that in thier best interests?
I won't bother attending the auction unless the catalogue is complete. Not going all the way there if the stuff I want may or may not already have been flogged off, quite possibly for less than I or others may have bid had there been a bit of competition. So that's one less prospective buyer.
Sorry, creditors.
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( 59k for a tomahawk to pay it out)
How on earth does something as outdated as their fleet of traumahawks fetch 59k to pay each out?!
I don't want to be the best pilot in the world - Just the oldest
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I had a discussion with a guy at Avalon who had a fairly close business association with Arena. I asked whether any of the aircraft could be bought by private negotiation prior to the auction and his response was that everything had to be disposed of under the same terms.
There is a warning however on the website that says some items may be withdrawn prior to auction.
But then the conspiracy theorist in me asks why would anyone who has entered into a private negotiation with the administrators and maybe has a good chance of pulling it off, come onto an anonymous website and brag about it?
There is a warning however on the website that says some items may be withdrawn prior to auction.
But then the conspiracy theorist in me asks why would anyone who has entered into a private negotiation with the administrators and maybe has a good chance of pulling it off, come onto an anonymous website and brag about it?
Last edited by Islander Jock; 4th Apr 2007 at 10:10.
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I hate to bring this up, because I am not perfect at english either, however I hope Mr Stressful is better at running a flight school than he is with his grammar
!
My GA instructor once worked there, he said a few years ago you would need someone to pay you way more than$12K to take that Senneca off their hands. Leaks like a sieve
And perhaps worse things
not me....who said that....
!My GA instructor once worked there, he said a few years ago you would need someone to pay you way more than$12K to take that Senneca off their hands. Leaks like a sieve
And perhaps worse things not me....who said that....
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charlie.
offer made on paper,. Offer accepted but not yet on paper.
No Past affiliations in the at all
If the Seneca comes with it so be it if not no sleep lost
i dont think i have come on here bragging about it. I simply came on here asked a question about the school in general.
If anyone is upset about not having all the things at the auction well everyone was given the chance to buy the whole thing. I chose to do it and i was the higher bidder. (sorry for the other here that i beat)
At the end of the day it is not up to me how much the unsecured creditors get and how the money gets handed out. If it were me i would tell Westpac to F$#%K OFF and give the planes back and pay the creditors. For the record. The amount i am paying is more than enough to pay every single unsecured creditor every single dollar they are owed. if it all went to auction they would get less. Sell all the aircraft and office equipment what do you get? 200k? who is going to pay the rest that is still owed?
At 200k every single creditor would probably get about 20c in the dollar. We are paying plenty more than that.
Does anyone think we have actually helped the all creditors out?
by the way had a conversation with YBAF today regarding using the facilities there......... didnt go well. Who ever sent the company broke made a real lasting impression on a few people
offer made on paper,. Offer accepted but not yet on paper.
No Past affiliations in the at all
If the Seneca comes with it so be it if not no sleep lost
i dont think i have come on here bragging about it. I simply came on here asked a question about the school in general.
If anyone is upset about not having all the things at the auction well everyone was given the chance to buy the whole thing. I chose to do it and i was the higher bidder. (sorry for the other here that i beat)
At the end of the day it is not up to me how much the unsecured creditors get and how the money gets handed out. If it were me i would tell Westpac to F$#%K OFF and give the planes back and pay the creditors. For the record. The amount i am paying is more than enough to pay every single unsecured creditor every single dollar they are owed. if it all went to auction they would get less. Sell all the aircraft and office equipment what do you get? 200k? who is going to pay the rest that is still owed?
At 200k every single creditor would probably get about 20c in the dollar. We are paying plenty more than that.
Does anyone think we have actually helped the all creditors out?
by the way had a conversation with YBAF today regarding using the facilities there......... didnt go well. Who ever sent the company broke made a real lasting impression on a few people
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YBAF
YBAF are difficult to please at the best of times ........
This will give you an idea as to why they are not open to Arena's return
Take a look at ...............
http://www.archerfieldairport.com.au...elease_CEO.pdf
Mr GC was the CEO of RQAC / AAA, I think you will find AAA now have the lease on the old Arena building? Block any competitors and you are sure to do well!
This will give you an idea as to why they are not open to Arena's return
Take a look at ...............
http://www.archerfieldairport.com.au...elease_CEO.pdf
Mr GC was the CEO of RQAC / AAA, I think you will find AAA now have the lease on the old Arena building? Block any competitors and you are sure to do well!
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I was a student at Arena during 2003/04 and got to just short of ppl. My main reason for stopping was simply financial reasons and I am really interested in getting my flying started again just not sure where I should be looking at as good school.
I enjoyed my time there and most of the instructors were really good at that time. I know for a fact that arena produced a huge number of excellent airline pilots and instrcutors over the years and I am extremely surprised to see how many negitive experiences people have had with them. The only thing that I found difficult is that I had so many different instructors, probably 8 different people during my time there but I just presummed that is how most schools of any size operated.
The tomo's were all well maintained (to my knowledge) a newer one (JAM) was purchased in the year I was there aswell as new engine on CFR etc. Things may have gone down hill leading to the move to red but I couldn't comment on that as I wasn't there.
I wonder if I will still be able to get my old records..
Ive been reading pprune for a long time now and this is only my second post. I find the info here really interesting but its hard at times to know what to think as you seem to find someone has always had a bad experience with everyone at some point.
Cheers.
I enjoyed my time there and most of the instructors were really good at that time. I know for a fact that arena produced a huge number of excellent airline pilots and instrcutors over the years and I am extremely surprised to see how many negitive experiences people have had with them. The only thing that I found difficult is that I had so many different instructors, probably 8 different people during my time there but I just presummed that is how most schools of any size operated.
The tomo's were all well maintained (to my knowledge) a newer one (JAM) was purchased in the year I was there aswell as new engine on CFR etc. Things may have gone down hill leading to the move to red but I couldn't comment on that as I wasn't there.
I wonder if I will still be able to get my old records..
Ive been reading pprune for a long time now and this is only my second post. I find the info here really interesting but its hard at times to know what to think as you seem to find someone has always had a bad experience with everyone at some point.
Cheers.
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wow and i didnt have to even pay for that endorsement!!!!
thanks for that. I think there are happy and angry people about it all .... people generally will say something good if you ask them to but if someone is pissed it wont take much to set them off.
thanks for that. I think there are happy and angry people about it all .... people generally will say something good if you ask them to but if someone is pissed it wont take much to set them off.
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tomos
The tomo's were all well maintained (to my knowledge)
Just before you got there the whole fleet had engines well past TBO, CFR got an engine because it had exceeded TBO by so much that there was not an engineer in the world prepared to sign it out.
Just before you got there the whole fleet had engines well past TBO, CFR got an engine because it had exceeded TBO by so much that there was not an engineer in the world prepared to sign it out.
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I just find it amazing how I can be spending every second day at the place and speaking to all the students (whilst I was there anyway) and not know anything is wrong or maintenance problems. (Im not saying these problems wern't there or that there wasn't plenty of unhappy people im just amazed at how it can go on without people noticing.... Maybe they did notice and thats why they left..
I can believe it went belly up. It was so busy when I was there all those planes were getting so many hours its not funny apart from the seneca.
I can believe it went belly up. It was so busy when I was there all those planes were getting so many hours its not funny apart from the seneca.
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well the stories i got told why it went under may be differrent but all i heard was that a director there spent too much money on private non work related things while the other director )GB)was left to try and pay the bills
depends who you ask i think
depends who you ask i think
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S.O.: My opinion is that 'Arena' had a better name when they were known as 'Air Training Center'.
Going back to the future may give you a better reception at Archerfield and the fuel companies, maintenance companies etc. - your major suppliers.
Convincing 'essential' suppliers such as Instructors is a different story.
I was thinking about flying up to Brisbane for the auction but there may not be much left after being nibbled at before the 18th.
Going back to the future may give you a better reception at Archerfield and the fuel companies, maintenance companies etc. - your major suppliers.
Convincing 'essential' suppliers such as Instructors is a different story.
I was thinking about flying up to Brisbane for the auction but there may not be much left after being nibbled at before the 18th.
Last edited by Rich-Fine-Green; 4th Apr 2007 at 20:21.
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Update from the administrator
I spoke to the administrator's office this morning.
They and the auctioneers are aware of what is being said on on this forum.
The gentleman I spoke to told me that there has been an offer made to purchse the whole business AS A GOING CONCERN.
The offer is being considered but had not been accepted as of around 11am QLD time today.
I was assured that the auction is to go ahead as planned.
So who do we believe, an administrator or an anonymous poster on Pprune?
They and the auctioneers are aware of what is being said on on this forum.
The gentleman I spoke to told me that there has been an offer made to purchse the whole business AS A GOING CONCERN.
The offer is being considered but had not been accepted as of around 11am QLD time today.
I was assured that the auction is to go ahead as planned.
So who do we believe, an administrator or an anonymous poster on Pprune?
Bugsmasherdriverandjediknite
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save yourself a trip CFI........... knowing you, you will end up with another truamahawk. that would be a worry.
I bet you haven't heard my voice on tape lately.
I bet you haven't heard my voice on tape lately.
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yeah no worries CFI, I can see that there is no way i can talk you around
try visiting the website www.arenaaviation.com.au Charlie Foxtrot India
BY the way the administrator was on a plane to Sydney thins morning so you didnt speak to the administrator
try visiting the website www.arenaaviation.com.au Charlie Foxtrot India
BY the way the administrator was on a plane to Sydney thins morning so you didnt speak to the administrator
Last edited by stressful one; 5th Apr 2007 at 07:37.
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I said I'd spoken to the administrator's office, but never mind.
Just wondering why you have put my pprune name on your website? Very flattering but I would like to make it clear to all that my sole interest in this was as someone who was considering bidding at the auction.
Just wondering why you have put my pprune name on your website? Very flattering but I would like to make it clear to all that my sole interest in this was as someone who was considering bidding at the auction.