Royal QLD Aero Club in VA
Join Date: Sep 2013
Location: Australia
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
Any word on how things are shaping up at RQAC? Any idea yet on how the staff, fleet or future operations will look?
Little to no communication to members but that is fair enough considering that employees must remain the priority. Hopefully everything gets sorted fairly for all employees involved.
Little to no communication to members but that is fair enough considering that employees must remain the priority. Hopefully everything gets sorted fairly for all employees involved.
5 months now since RQAC/AAA went into VA and everyone was sacked without notice. I find it disgusting that Pilot Partners (administrators) are still refusing to share details on the progress of the DOCA with the new owners. Ex employees like myself are owed thousands of dollars in entitlements and it is unacceptable to have to wait forever with no end in sight and NO MONEY!! Never ever do business with Pilot Partners nor with the ex management of AAA who are totally incompetent. 
Be very careful what you post Zanthrus, if you're an ex-employee awaiting your entitlements, then anything that constitutes "Slander" could work very much against you.
There are only a limited number of resumes they'd have to check against your posting history to figure out who you are. I'm not involved personally but certainly don't want to see a fellow Pilot get stuffed over because of a rant on PPrune.
There are only a limited number of resumes they'd have to check against your posting history to figure out who you are. I'm not involved personally but certainly don't want to see a fellow Pilot get stuffed over because of a rant on PPrune.
Join Date: Jul 2007
Location: in the classroom of life
Age: 55
Posts: 6,864
Likes: 0
Received 1 Like
on
1 Post
I hate to drop the bad news but it is only September 2016.
Try researching other liquidations to see what to expect.
In a nutshell, move on, put it behind you and any money owed that finds you in the future is akin to a lottery win that you forgot you had a ticket in.
I know that sounds awful, but it is the only way to look at it.
Try researching other liquidations to see what to expect.
In a nutshell, move on, put it behind you and any money owed that finds you in the future is akin to a lottery win that you forgot you had a ticket in.
I know that sounds awful, but it is the only way to look at it.
In a nutshell, move on, put it behind you and any money owed that finds you in the future is akin to a lottery win that you forgot you had a ticket in.
Join Date: Jul 2007
Location: in the classroom of life
Age: 55
Posts: 6,864
Likes: 0
Received 1 Like
on
1 Post
Paying past employees is the administrators problem. Any new take over outfit has nothing owing to you.
I know you are peeved but it is not the new entity that are at fault. Unless it is some phoenix rising deal in which case....
I know you are peeved but it is not the new entity that are at fault. Unless it is some phoenix rising deal in which case....
Wrong Jabba, part of the DOCA the new owners agreed to was paying employee entitlements. True the administrators disburse the funds but those funds come directly from the new owners.
Join Date: Nov 2008
Location: australia
Posts: 75
Likes: 0
Received 0 Likes
on
0 Posts
The DOCA 6 months is up on the 21st September. If the proposer don't stump up the money then the DOCA falls over and it will most likely be a liquidation scenario. If the $$$ are stumped the creditors will be paid in due course. The big question is whether the Chinese DOCA proposer company has managed to get other investors to pitch in to settle. We shall see......
Join Date: Jul 2007
Location: in the classroom of life
Age: 55
Posts: 6,864
Likes: 0
Received 1 Like
on
1 Post
Wrong Jabba, part of the DOCA the new owners agreed to was paying employee entitlements. True the administrators disburse the funds but those funds come directly from the new owners.
Crunch time more like November 21 so I'm told
Join Date: Mar 2016
Location: Brisbane
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
Just in case this ends up duplicated I thought my other post died. So I made a phone call today to a company advertising positions for AAA or whatever it is called today. It appears they are starting of have already started. The same CEO who used it as his personal taxi and run it into the ground is still at the helm..so I guess we will see it back in here in no time. See link below.
https://www.seek.com.au/job/32073058...bMail4.01-3881
https://www.seek.com.au/job/32073058...bMail4.01-3881
Join Date: Nov 2008
Location: australia
Posts: 75
Likes: 0
Received 0 Likes
on
0 Posts
I wonder why the potential new owners of the RQAC Group, particular the AAA part would want to pay out the creditors. What is in it for them ?
Why would they not just buy the key assets of AAA needed to run a flying and engineering school and just start trading. Is it possible that deals could be done through the Administrators to get control of the company and the amount paid to creditors significantly reduced. The whole lot seems shrouded in "confidentiality" clauses so no one seems to know what is happening. Its not looking that flash for the creditors the longer this goes on.
Why would they not just buy the key assets of AAA needed to run a flying and engineering school and just start trading. Is it possible that deals could be done through the Administrators to get control of the company and the amount paid to creditors significantly reduced. The whole lot seems shrouded in "confidentiality" clauses so no one seems to know what is happening. Its not looking that flash for the creditors the longer this goes on.