Cabair gone bust?
Join Date: Nov 2007
Location: Hoylake
Age: 50
Posts: 414
Likes: 0
Received 0 Likes
on
0 Posts
This popped up in the wannabe forums yesterday, but seems to have vanished.
The last post I read there was from a chap who stated he was chairman of the Cabair group and completely denied the rumour doing the rounds.
The last post I read there was from a chap who stated he was chairman of the Cabair group and completely denied the rumour doing the rounds.
Join Date: Jun 2008
Location: Just a bit lower than the point where the falling angel meets the rising ape
Posts: 213
Likes: 0
Received 0 Likes
on
0 Posts
Indeed. He also demanded the mods remove the thread, and seems to have got his wish! Some might say a bit draconian, given the title of the site!
Anyways, a trawl of tinternet reveals no further info. SO who knows?
Anyways, a trawl of tinternet reveals no further info. SO who knows?
Join Date: Aug 2003
Location: uk
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
Two Cabair callsigns called to transit the overhead at around 1230 today, mind you, on the course set thereafter (with no deviation) the next stop would conceivably been Stavanger...
Join Date: Aug 2006
Location: Sth Bucks UK
Age: 60
Posts: 927
Likes: 0
Received 0 Likes
on
0 Posts
Well if you didn't keep posting it wouldn't keep getting bumped!!
I'm not a fan of cabair, but that doesn't mean I wish to contribute to it's downfall by undermining confidence here.
No replies required!
(And no, I don't have a vested interest; I have a business of my own that I wouldn't want to be treated this way).
I'm not a fan of cabair, but that doesn't mean I wish to contribute to it's downfall by undermining confidence here.
No replies required!
(And no, I don't have a vested interest; I have a business of my own that I wouldn't want to be treated this way).
Join Date: Jul 2006
Location: 32°55'22"S 151°46'56"E
Age: 39
Posts: 594
Likes: 0
Received 1 Like
on
1 Post
As an assumption/possibility; as is occurring in businesses worldwide, Cabair may have deferred a payment to a supplier or similar resulting in the actions witnessed. It is not a realistic indication of the sustainability of the business, as it can occur for a number of reasons.
When it starts happening regularly with many different suppliers, then that is a good indication of cash flow problems.
I know in the company I work for, at certain times we push suppliers to their limits in terms of payments.
The fact that the aircraft with Cabair are flying the next day, is an indication that whatever situation occurred was resolved quickly.
The information in this thread may be useful to people, in that it reminds them to use a little caution and follow the advice regularly imparted by those experienced in the industry to 'Not pay up front' or at least if you do, pay smaller amounts as you go. But this goes for any FTO, or to that matter any business you deal with in the current climate.
It would be irresponsible censorship to delete this thread on a 'Rumour' Forum, but maybe a change of title would be sensible.
When it starts happening regularly with many different suppliers, then that is a good indication of cash flow problems.
I know in the company I work for, at certain times we push suppliers to their limits in terms of payments.
The fact that the aircraft with Cabair are flying the next day, is an indication that whatever situation occurred was resolved quickly.
The information in this thread may be useful to people, in that it reminds them to use a little caution and follow the advice regularly imparted by those experienced in the industry to 'Not pay up front' or at least if you do, pay smaller amounts as you go. But this goes for any FTO, or to that matter any business you deal with in the current climate.
It would be irresponsible censorship to delete this thread on a 'Rumour' Forum, but maybe a change of title would be sensible.
Join Date: Feb 2009
Location: East Sussex
Age: 84
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
I am sure Flybe being a very astute airline would not have placed four sponsored FO training cadets(March 6th) with Cabair if the company was in trouble. Dunn and Bradstreet give Cabair a very good financial credit rating.
Join Date: Feb 2009
Location: Do I come here often?
Posts: 898
Likes: 0
Received 0 Likes
on
0 Posts
Dunn and Bradstreet may give them a good credit rating, but from personal experience they are the worst and latest bill payers in general aviation.
There have been rumours for years and chained up aircraft has happened before (Bournemouth if I remember rightly)
P*** people off enough by not paying on time and rumours like this will happen.
Serves them damn well right.
There have been rumours for years and chained up aircraft has happened before (Bournemouth if I remember rightly)
P*** people off enough by not paying on time and rumours like this will happen.
Serves them damn well right.