BWA Go Bust
Joined: May 2001
Posts: 143
Likes: 0
From: Frankfurt, Germany
Sad news indeed.
I have fond memories of British World. A few years ago I was due to fly STN-FRA for a job interview. Turned up to find the aircraft was grounded by technical difficulties at another airport and the flight would be cancelled unless an alternative could be found.
That alternative was provided by a British World BAC 1-11 and a very professional and efficient crew.
Good luck to everyone involved.
I have fond memories of British World. A few years ago I was due to fly STN-FRA for a job interview. Turned up to find the aircraft was grounded by technical difficulties at another airport and the flight would be cancelled unless an alternative could be found.
That alternative was provided by a British World BAC 1-11 and a very professional and efficient crew.
Good luck to everyone involved.
Joined: Jul 2000
Posts: 95
Likes: 0
From: California
This is bad news for a seriously nice bunch of folks.
Forgive the naivety, however ceasing operations isnt the same as in Receivership is it? Thus whilst there is life there is hope.
What about World Aviation Support the maintenance wing - how will that be affected - has an administrator been appointed as such?
Forgive the naivety, however ceasing operations isnt the same as in Receivership is it? Thus whilst there is life there is hope.
What about World Aviation Support the maintenance wing - how will that be affected - has an administrator been appointed as such?
Joined: Feb 2001
Posts: 66
Likes: 0
From: the Real World
...son of BWL has ALREADY been announced (not sure if it will be a Chinese Takeaway or an Curry House 
) up to 5 x 737-300 commencing next spring, run by same Chairman, goes by the snappy name of 'ASTRAEUS'
could be good news for all affected, lets hope so, (OK Hamrah?)
) up to 5 x 737-300 commencing next spring, run by same Chairman, goes by the snappy name of 'ASTRAEUS'could be good news for all affected, lets hope so, (OK Hamrah?)
Joined: Dec 2001
Posts: 26
Likes: 0
From: Leverstock Green
I have been watching BWA for some time as I have a friend working there. For what it is worth, and of no immediate use to staff/ex staff, it appears that BWA shares are still trading, so as someone else posted, there is a possibility of trading their way out.
Joined: Sep 2001
Posts: 30
Likes: 0
From: London
British World shares were actually suspended
this morning. Heres the announcement...
Official List
14 December 2001
NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST
(856)
14/12/2001 09:15 AM
TEMPORARY SUSPENSION
BWA GROUP PLC
The Financial Services Authority ("the FSA") temporarily suspends the
securities set out below from the Official List effective from 14/12/2001
09:15 AM at the request of the company pending clarification of the
companys financial position.
Ordinary Shares of 0.5p each (0-436-898)(GB0004368980)
fully paid
If you have any queries relating to the above, please contact the Listing
Applications Team at the FSA on 020 7943 0333 (option 3).
END
NOTDGMMZLDFGMZG
this morning. Heres the announcement...
Official List
14 December 2001
NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST
(856)
14/12/2001 09:15 AM
TEMPORARY SUSPENSION
BWA GROUP PLC
The Financial Services Authority ("the FSA") temporarily suspends the
securities set out below from the Official List effective from 14/12/2001
09:15 AM at the request of the company pending clarification of the
companys financial position.
Ordinary Shares of 0.5p each (0-436-898)(GB0004368980)
fully paid
If you have any queries relating to the above, please contact the Listing
Applications Team at the FSA on 020 7943 0333 (option 3).
END
NOTDGMMZLDFGMZG
Joined: Aug 2001
Posts: 8
Likes: 0
From: London,s 3rd or 4th or...
Thanks for all the support but we have definitely ceased as a company,a great shame as 56 years of operation has come to an end.It was always a pleasure to go to work with a fantastic group of boys and girls, and I dont expect anything similar will happen again.So to all at BWA thank you and I wish everyone success in the future.
Joined: Mar 1999
Posts: 37
Likes: 0
Sad news and I hope there's money to pay off the employees.
After the Viscount, BWA dispensed with my services. It was a sad day and I miss greatly all the people I worked with during my time there. I still live locally and a great many people in the community will be effected.
In my career since, I have met a great many people who also started off at BAF, both pilots and engineers. Many of the local old folk remember with glee the adventures of the Keagan days, indeed as a boy at school you could hear the distinctive high pitch of the Rolls-Royce Darts as the Viscounts & Heralds dropped in on short finals for zero-six . In those juvenile times the sight of the planes overhead dropped the seeds of an aviation career into my soul. RIP
---------
I drove past the office earlier and observed boxes of files being removed. So I guess no 11th hour deal.
It was difficult to see how the present business could ever work and the chairman actually told me five years ago that he would never lease a modern jet due to costs! The current fleet did seem to be a little over-the-top for last minute ad-hoc charter. Compared the the ex Dan-air 1-11's, which was the deal of the century. I think they should have stuck to the night freight as Bread and Butter work and left the Pax stuff as the cream on top. How many times have we seen the lure of the shiny jets to be the kiss-of-death to these small-medium operators?
A final question. How are pensions affected by the sad news of the company's closure?
[ 14 December 2001: Message edited by: Billy the Kid ]
After the Viscount, BWA dispensed with my services. It was a sad day and I miss greatly all the people I worked with during my time there. I still live locally and a great many people in the community will be effected.
In my career since, I have met a great many people who also started off at BAF, both pilots and engineers. Many of the local old folk remember with glee the adventures of the Keagan days, indeed as a boy at school you could hear the distinctive high pitch of the Rolls-Royce Darts as the Viscounts & Heralds dropped in on short finals for zero-six . In those juvenile times the sight of the planes overhead dropped the seeds of an aviation career into my soul. RIP
---------
I drove past the office earlier and observed boxes of files being removed. So I guess no 11th hour deal.
It was difficult to see how the present business could ever work and the chairman actually told me five years ago that he would never lease a modern jet due to costs! The current fleet did seem to be a little over-the-top for last minute ad-hoc charter. Compared the the ex Dan-air 1-11's, which was the deal of the century. I think they should have stuck to the night freight as Bread and Butter work and left the Pax stuff as the cream on top. How many times have we seen the lure of the shiny jets to be the kiss-of-death to these small-medium operators?
A final question. How are pensions affected by the sad news of the company's closure?
[ 14 December 2001: Message edited by: Billy the Kid ]
