East Anglian Air Ambulance temporarily grounded/Longmint status
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Whirls - not to mention the profit made by the company but which ended up in the coffers of LMA not Sterling. I wonder if the pension pots survive?
Best Wishes
Best Wishes
Hovering AND talking
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not to mention the profit made by the company but which ended up in the coffers of LMA not Sterling
However ... it is illegal to pay dividends if the company is making a loss after tax or if, by paying those dividends, the company turns a profit into a loss.
It would also be likely considered to be, at best, wrongful trading and at worst, fraudulent trading if dividends are paid (even if making a profit) when the company claims to have no cash to pay employees or suppliers.
Cheers
Whirls
Almost a week and no update as to what's happening or even if the Liquidators are in yet?
Does anyone know what's happening now?
Sterling E-mail seems to be closed down too. (or changed?)
Does anyone know what's happening now?
Sterling E-mail seems to be closed down too. (or changed?)
Choriolis and Loudone, Thanks for the replies.
Is it time to close this thread and start another one about why this calamity has happened and speculate/alledge as loud as possible how BBCC were able to do it - and make money from their apparently legal Scam of running a company into the ground and being the biggest Debtor of their own bankrupcy case.
Is it time to close this thread and start another one about why this calamity has happened and speculate/alledge as loud as possible how BBCC were able to do it - and make money from their apparently legal Scam of running a company into the ground and being the biggest Debtor of their own bankrupcy case.
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RIP
Memories of the fun and tears, trials and tribulations over the years with the characters that came and went.
Welcome to the Frontpage
Matt Howard may the force be with you.
Onwards and upwards, fly high, fly far.
2B
Welcome to the Frontpage
Matt Howard may the force be with you.
Onwards and upwards, fly high, fly far.
2B
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When it says
"Matt Howard of PKF (UK) LLP was appointed Liquidator of Sterling Helicopters Limited on 29 July 2011 by the Secretary of State"
Which Secretary of State would that be?
"Matt Howard of PKF (UK) LLP was appointed Liquidator of Sterling Helicopters Limited on 29 July 2011 by the Secretary of State"
Which Secretary of State would that be?
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It is a crying shame but the fact is that even if someone did jump in at the last moment, there would be insufficient revenue income in the short term. Any 'savior' would probably have to have the will to lay out substantial funds without return for some time to come. I note a number of inaccuracies [as usual] in the article.
Best Wishes
Best Wishes
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Sad to see Streling finally go, I hope that those left find something soon.
So where is this going for BBCC, Is the MAGE vs Longmint case over yet?
How are FAST going, I hear they are busy but wonder whether they will be swept away with this mess.
EM
So where is this going for BBCC, Is the MAGE vs Longmint case over yet?
How are FAST going, I hear they are busy but wonder whether they will be swept away with this mess.
EM
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How are FAST going, I hear they are busy but wonder whether they will be swept away with this mess
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Well, AY has moved on.
A new, full time, salaried FI?
Or are you referring to an owner/FI whom they've been using (infrequently) for some time?
My apologies Ec155mech, it appears (as is the fluid nature of this industry) that my original sources information was indeed out of date.
A new, full time, salaried FI?
Or are you referring to an owner/FI whom they've been using (infrequently) for some time?
My apologies Ec155mech, it appears (as is the fluid nature of this industry) that my original sources information was indeed out of date.
Last edited by Sliding Doors; 9th Aug 2011 at 21:08. Reason: Inaccurate first info
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EAAA's new ec135 looks very good. Glad to see things are almost back to normal and perhaps with an improved aircraft...
Now they just need to change the other red 105
MADY
Now they just need to change the other red 105
MADY
MADY
I think the story was this - mid April was the time. One of the two 105s with EAAA was needed at Filton as a maintenance spare while their G-NDAA was at Staverton. Contract presumably allows a type-for-type fill-in only.
Thus EAAA were one down and EC135 G-SPHU was the only spare aircraft Bond had to use for fill-in, as the EAAA agreement was very temporary and they could basically fill in with whatever they wanted. The fact that it would show EAAA what an EC135 was like won't be missed on you or others
but it was not permanently available as it's the fill-in for EC135 contracts
The "new" G-CGXK photo'd above is much longer-term as Bond have leased it in from ADAC in Germany. It's actually an old T1 and the 44th off the line, which recently passed the 1000 mark. Hence all the patchy yellow where those big ADAC titles have been covered over, etc
I think the story was this - mid April was the time. One of the two 105s with EAAA was needed at Filton as a maintenance spare while their G-NDAA was at Staverton. Contract presumably allows a type-for-type fill-in only.
Thus EAAA were one down and EC135 G-SPHU was the only spare aircraft Bond had to use for fill-in, as the EAAA agreement was very temporary and they could basically fill in with whatever they wanted. The fact that it would show EAAA what an EC135 was like won't be missed on you or others
but it was not permanently available as it's the fill-in for EC135 contractsThe "new" G-CGXK photo'd above is much longer-term as Bond have leased it in from ADAC in Germany. It's actually an old T1 and the 44th off the line, which recently passed the 1000 mark. Hence all the patchy yellow where those big ADAC titles have been covered over, etc
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According to a story this am in the Eastern Daily Press there will be no buyer for Sterling.
Liquidator
Liquidator Mr Howard said that debt and financing arrangements for the aircraft made it unlikely a buyer would be easily found - though other assets were attracting possible buyers.
“There’s been quite a lot of genuine interest,” Mr Howard said.
“The hangar and the offices have proved very interesting to people and there are lots of lines of inquiry. It was a purpose built premises that’s ready to go.
“As regards the aircraft, I doubt that we’ll be able able to sell those easily, if at all. But all of the associated kit and equipment has also attracted quite a bit of interest.
“It won’t be a turn-key sale - you won’t get someone suddenly flying aircraft next week - it will be a break-up.”
“There’s been quite a lot of genuine interest,” Mr Howard said.
“The hangar and the offices have proved very interesting to people and there are lots of lines of inquiry. It was a purpose built premises that’s ready to go.
“As regards the aircraft, I doubt that we’ll be able able to sell those easily, if at all. But all of the associated kit and equipment has also attracted quite a bit of interest.
“It won’t be a turn-key sale - you won’t get someone suddenly flying aircraft next week - it will be a break-up.”
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Thanks for that Helihub.
Yes I noticed the different shades of yellow. I have a feeling one the "old" 117s was an ex ADAC machiene too.
I assumed G-SPHU must have been cover. I cant imagine it will be long before the other 105 is replaced too? As the aircraft are only leased anyway... Unless they feel a good deal is on the cards for a 117?
MADY
Yes I noticed the different shades of yellow. I have a feeling one the "old" 117s was an ex ADAC machiene too.
I assumed G-SPHU must have been cover. I cant imagine it will be long before the other 105 is replaced too? As the aircraft are only leased anyway... Unless they feel a good deal is on the cards for a 117?
MADY