East Anglian Air Ambulance temporarily grounded/Longmint status
Hovering AND talking
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Offering discounts for block-booking in advance was never Sterling's style. But there are still local PPL students, half way through a course who now have nowhere local to complete it - the nearest Schweizer being Leicester. Those students have still invested a lot of money and time so far.
Would that it were that simple. Much as I'd love to see GH at the helm again, there is still the small matter of the multi-million Euro mortgages raised in Sterling Helicopters Ltd's name which will still need to be paid.
What Sterling does need though is a White Knight to come and buy them for £1 and inject the cash to pay off the loans.
Cheers
Whirls
There is one easy solution Longmint go! Gerry Hermer comes out of retirment and takes over again
What Sterling does need though is a White Knight to come and buy them for £1 and inject the cash to pay off the loans.
Cheers
Whirls
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Whirls - A White Knight? Perhaps that is the only way that it will survive but I have difficulty in believing anyone would want to buy and settle the debt. The debt alone must be way more than the company is now capable of earning. It seems that all the contracts have gone and little chance of return and after everything that has happened together with their history, who would be silly enough to offer anything substantial? Still you never know............
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Did any one answer Nightowls question?
I assume they all got paid or we would have heard by now?
How is that Statutory Demand going?
Does anyone know if Longmint paid their staff today? 
How is that Statutory Demand going?
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ExMAGE - rumour has it that as before on other occasions, some got paid and some did not. Those that did may not have received the full payment they were expecting. As for SD's and WUO's - well these are still ongoing and from what I have heard, there are more in the pipeline. One can only wonder where the loot is coming from but most likely from the Directors Fund which according to last years report, was very very healthy for each of those named.
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Longmint
F.A.Talbert
From the feedback to my earlier threads ref my nephews intention to do the FI course, he is looking at other options. Understandably he is not prepared to take a chance whereby he is wondering if the company will survive whilst he is completing the course!!!
Whilst there are lots of rumours as to what is going on this cannot be good for the personnel within the group who are trying to do their jobs and provide their customers and prospective new students with the confidence that things are ok. I dont know any of the staff who work within the group but dealing with negativity about your employer cannot be easy, its the old story of BAD news like mud sticks.
From the feedback to my earlier threads ref my nephews intention to do the FI course, he is looking at other options. Understandably he is not prepared to take a chance whereby he is wondering if the company will survive whilst he is completing the course!!!
Whilst there are lots of rumours as to what is going on this cannot be good for the personnel within the group who are trying to do their jobs and provide their customers and prospective new students with the confidence that things are ok. I dont know any of the staff who work within the group but dealing with negativity about your employer cannot be easy, its the old story of BAD news like mud sticks.
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Foxmead - I agree but the issues of concern and the causes for that concern are well documented in this and other related threads. Under that weight of historic event it is not hard to see why reaction is what it is. For the majority it is a simple case of guilt by association. [With the Directors]
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foxmead
A wise descision IMO there are a number of good reputable companies out there with good quality staff. There is no need to take a risk, no matter how small. I wish your nephew luck.
From the feedback to my earlier threads ref my nephews intention to do the FI course, he is looking at other options. Understandably he is not prepared to take a chance whereby he is wondering if the company will survive whilst he is completing the course!!!
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What Sterling does need though is a White Knight to come and buy them for £1 and inject the cash to pay off the loans.
What needs to be done is the complete closure of Sterling, no "White Knight" or any saviour.
Get rid of all existing management, especially those who helped keep "Tabs" on things and those who have been in situ since Longmint took over but were too weak to challenge the way things were done.
If this happens, there's a company about 150m south of them who are more than capable of taking on the staff who know what they're doing and winning back the contracts that matter.
If it comes to that, perhaps they should be running the whole airport, which I know they've considered in the past, but the owner is too savy to waste his money in that respect.
Sterling
Does anyone know whats happening with the 300cbi at Sterling ? I was using it occasionally on a self fly hire basis but not sure if its still available?
Thanks
BG
Thanks
BG
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Last I heard BG, was that it was still in bits on the hangar floor. Technically, the Schweizer was never on Sterling's AOC but I'm not sure whether that means it can still be legally used.
Cheers
Whirls
Cheers
Whirls
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DCP - Sadly, I think every-one who believes that a white knight will appear needs a serious reality check. The contracts are gone and will only come back round again at the end of their cycle. No company in their right mind will offer a contract to a body trying to resurrect what was Sterling after being tainted by Longmint. By that time, Sterling will be confined to the annals of history and GH's excellent reputation long gone. Many of the worthwhile aircraft have been transferred elsewhere within the LM crumbling and diminishing empire and, knowing what happened at TAMS, the offices and hangar will soon start to be cleared out and disposed of. 'Ere long, there will be no evidence of Sterling ever having been an operator at Norwich.
Sad, but that's what you get with Directors who are bean-counters and not aviators.
Sad, but that's what you get with Directors who are bean-counters and not aviators.
Hovering AND talking
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Sad, but that's what you get with Directors who are bean-counters and not aviators.
Cheers
Whirls
Funniest line I heard last year - the film Bee Movie where the mosquito is asked "Oh, so are you a Lawyer now too?" He replies "Well, I was already a blood sucking parasite, all I needed was a briefcase!" LMAO
Sorry it's off topic.
TeeS
P.S. Apologies to FL
Sorry it's off topic.
TeeS
P.S. Apologies to FL
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Whirls has got it right, and perhaps I was a little insensitive.
We tend to forget that whatever the outcome, it's the fault of arrogant speculators not the people on the ground who had to put up with the way the company has been run at top level.
That said, I maintain that there are certain people at a management level who could have stood up and be counted, but instead they've chosen to slink away and keep their heads down in the sewers.
They know who they are, so do I, as probably do you.
I don't know how they sleep at night.
We tend to forget that whatever the outcome, it's the fault of arrogant speculators not the people on the ground who had to put up with the way the company has been run at top level.
That said, I maintain that there are certain people at a management level who could have stood up and be counted, but instead they've chosen to slink away and keep their heads down in the sewers.
They know who they are, so do I, as probably do you.
I don't know how they sleep at night.
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Whirls - sorry if you were offended, that was not the intention. I am fully aware of the background of the Directors, it doesn't change the fact that they pay more heed to the P&L, not the honest hard-working guys and gals at the coal face. Neither are the two main protagomists genuine aviators, trashing people's careers and lives in their quest for financial betterment.
I think that time will show what LM's intentions were, although their teflon coating will allow them to wriggle free again, unscathed.
I think that time will show what LM's intentions were, although their teflon coating will allow them to wriggle free again, unscathed.
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Isn't interesting that a company wanting to setup an AOC or FTO has to demonstrate that it is financially sound. However, when an established company/companies fails to pay its employees (6 months now?) and I am assuming not paying suppliers and aircraft owners, the CAA don't seem to care? Surely financial (mis)handling at this level should be worthy of a winding up order.
BTW is everyone paid in full for March?
Any rumors of anyone else leaving?
EM
BTW is everyone paid in full for March?
Any rumors of anyone else leaving?
EM
Last edited by ExMAGE; 13th Apr 2011 at 13:18.
BTW is everyone paid in full for March?
