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MyTravel in financial trouble

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MyTravel in financial trouble

Old 27th Oct 2002, 14:00
  #101 (permalink)  
 
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Wink

You missed the point!

This is a pilot forum so my reference in the post that seemed to upset the non pilots here, referred only to the situation effecting us! Far from arrogant but fed up with being told I am not considering the rest of my fellow workers. Try reading my last post again. Better still drop me your Email and we will discuss the matter.

All are welcome on this forum but for goodness sake will folks stop looking for insults when non exist. In plain English, I am very concerned not only for my fellow pilots but for all 27000 employees and all the support companies that work for us is this clear enough!!!!!!!!

If my reply to Dadaposh sounded arrogant that was not my intention. But frankly his/her remarks were uncalled for, inaccurate not to mention insulting.

As for reading the finacial mail, I gave that up some time ago far to depressing.

Tired and emotional

Last edited by kinsman; 27th Oct 2002 at 14:26.
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Old 27th Oct 2002, 14:20
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With respect I think you have missed the point also.

However, good on you that you recognise that the 'family' of workers might ask questions of anyone who they think may have an answer. Just be kind to them, they are hurting too.

Agree! Don't read the Financial Mail, it is a bit depressing. But I do hope that any forthcoming news is not for all of you at MYT. Like I said, it has happened to me three times before. It is not nice!
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Old 27th Oct 2002, 14:30
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This will be number five for me! You would think by now we would be used to it!

If the press would stop speculating I am confident the company would survive but all the poor press reports based on not very reliable information may, see us off !
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Old 27th Oct 2002, 15:19
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The problem is one of feeling so helpless, but do your best to think positive. I doubt that there is anyone who is not fighting tooth and nail to hold it together. Crossland has to make a good 'speech' in a day or two.

I just hope he keeps the two banks and that 230m facility in place. That without doubt is the key.
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Old 27th Oct 2002, 17:10
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Thumbs up

Could not agree more. Sadly the Mail report was on our company web site, so I have now read it! I think they have the story a little twisted but it stiil makes rather scary reading.

I wonder if they got the Falcon story from this forum!? If there are any Mail reporters here, thanks a bunch guys your making keeping our jobs really tough!
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Old 27th Oct 2002, 18:10
  #106 (permalink)  

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Unhappy

kinsman,

You really should try and take a chill pill. The Mail story is no more than a re-hash of ancient and well trodden titbits.

Typical Sunday morning journo trash from a spiv paper.

It does however highlight all the issues I have been concerned about.

In my humble opinion, I do not think this article makes any difference to My Travel surviving, and you keeping your job.

What will make the banks back MT is if the people who have presided over this whole mess are replaced pronto.

I think Crossland may struggle to convince the banks that he is the man to save MT. Therefore I think for MT to survive, he will be pushed.

After all, he appointed Byrne and supervised the destruction of his baby..... he cannot be held totally blameless. After all, what the f??k was he doing while Rome burned? Oh no, I remember. Commuting from Jersey every day........ on a Falcon 9000 perhaps???

Whatever happens, I cannot see MT being the size it is now in six months. You need to consolidate, and that unfortunately will maybe mean pain for some recent joiners...... I hope I am wrong though.
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Old 27th Oct 2002, 18:16
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Right, time to be politically incorrect!!!!!!

Yes it is always hard when anyone loses their job, and no-one would wish that on anyone (least of all me as I work for MYT), however I'm sick to death of hearing about check in folks, cabin crew, cleaners, agents, bla bla bla et al. that may lose jobs.

Yes, yes , yes it IS sad but not the end of the world for you guys, ie lets pluck a salary figure out of the air say 20,000 pa as an average for non flight deck or management. You can earn the same temping and doining a bar job in the short term to pay the mortgage etc.

Now imagine if you earned between 50k and 80k pa, you aint gonna pay your mortgage, you aint gonna pay off those debts (most of which stem from the 50,000 it cost you to get your licence), your gonna have to give that car back to the finance company.....etc

The point is you wont lose your house, your 2 year old daughter will still have a pressie at xmas, and your pregnant wife won't have to go out to work just yet.... I wish I could say the same for me!!!!!

And whilst I'm sticking my head above the parapit, I can't help but feel an air of smugness comming from certain quarters (tailscrape et al)... Just remember one thing MYT subs out over 30% of its flying over the summer to the likes of BMI, MON and yes on occasions AMM, so before (some of) you get too excited at the possible deimse of a (still) brilliant company, just pause to think how it may affect you, remember 550 pilots will be ahead of you in the dole queue especially if you've got F'all experience (tailscrape)!!!!!!!!

BTW Kinsman, I'm with you all the way, but how do you manage to stay soooo cool with so many tossy comments flying around???

Cheers folks, and good luck to ALL of us at MYT
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Old 27th Oct 2002, 18:44
  #108 (permalink)  

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Thumbs down

Oblaspoop,

You are So wide of the mark.

My job seems secure, so I do not need to worry about not having as much experience as you OBVIOUSLY have. I was in the right place at the right time.

I am not smug about My Travel's difficulties. I am a realist, whereas you appear to be a dreamer.

Take your head out of the sand, accept that others can have opinions, and get real.

You are in a middle band operator who MAY be in difficulty. Do not take your frustration out on others because your pay masters have got it so wrong.

Smugness and expressing an opinion are not the same thing. However, I do appreciate your concern about me in the dole queue. But, I hope not to be going there, so it may be a touch irrelevant.

You appear to talk like you are not a pilot though. Yet you are here talking to us all, and worrying like we all do, irrespective of wages earned. You may lose your job you seem to imply. Who are you???

I've got it by jove. You must be David Crossland or perhaps Mr Jardine!!!! Mind you, if you are, you may well deserve to go.
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Old 27th Oct 2002, 18:51
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Talking

Ok I now have an identity crisis on top of everything else! I have been accused of being arrogant, cool and advised to chill out all in one day! Oh and I forgot I have been accused of being insensitive to the feelings of the none pilots on a pilots forum.

I give up!

Tailscrap I am sure you are right, the mail story is just a rehash, and a poor one, of the same old story! You are not a Sunday Mail reporter are you?
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Old 27th Oct 2002, 19:03
  #110 (permalink)  

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kinsman,

Even I would not write such trash! ( I would forget about that story if I were you ) .

You know I save my best works for on here!

Have a good week.
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Old 27th Oct 2002, 22:09
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As somebody who lost their job in the last big collapse of an airline/tour operator, Air Europe/Intasun I truly hope this doesn't happen to MyTravel, it was a miserable time and the collapse of a very good airline with some of the nicest people i've met in aviation. The very best of luck to all employees of MyTravel

500+ pilots out of work will not be good news for anyone, is there any possibility that more aircraft and crews can be folded into MyTravel Lite?

Having said that serious questions need to be asked of Mr Crossland and co especially the abilities of one director, and having made such a big mess of things why is he allowed to walk off with a 1million+. These massive unearned rewards have got to stop, it seems this behaviour has become a blight on British businesses a few senior people with their heads in the feeding trough whilst the people earning their salaries through hard work and dedication are left to pick up the scraps.

On the few occasions I have taxied past Northern Exec I have always thought that the Global challenger seemed a bit over the top for somebody commuting from Jersey, as soon as the private jets start to get bigger somebody needs to start asking more detailed questions of the person buying them.
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Old 28th Oct 2002, 08:47
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Wink

The city is a very strange and inconsistent! Only a few weeks ago it was telling us(MYT) that we should concentrate on our core operations (selling package holidays) and not get into the low cost airline world. Now they are telling everyone the package holiday is dead and travel companies need to change to meet the challenge. My Travel Lite, despite the name, has got off to a great start and may be the saviour of the airline.

I agree the travel industry does need to change and sadly the airline industry will continue to see conditions and stability eroded. The really disappointing point is that MYT has made huge efforts to meet the new challenges and once again led the way. How sad to see our board let us down so badly!

Whatever the outcome with My Travel, this whole industry seems set for a massive shake up over the next few years. Time to do that plumbing course and move to the south of France I think!
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Old 28th Oct 2002, 11:38
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Tailscrape Quote:

<<"My job seems secure, so I do not need to worry about not having as much experience as you OBVIOUSLY have. I was in the right place at the right time. ">>

I suggest you look up the meaning of 'Smug'

As for me not being Flight Deck.......T0$$er

I rest my case
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Old 28th Oct 2002, 14:47
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Cool

Stop squabbling folks...our jobs may/may not be doomed, but there will be others around to deal with the heavy volumes of pax who still wish to travel...just may take a little time. The break-up of a company does not automatically mean a net loss of jobs..could even provide a few new ones. And MYLite are certainly off to a cracking start!
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Old 28th Oct 2002, 17:42
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Oblaaspoop,

Your initial ramblings were hard to make out. You seem to think that you have a divine right to work, yet your colleagues may not.

Your attitude is selfish and quite frankly odious in the extreme.

You cannot see beyond the end of your nose, and have got no idea.

Why don't you look up the meaning of the phrase "sticking your head in the sand".........

Now if you can't handle opinion, why don't you go elsewhere?
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Old 29th Oct 2002, 08:36
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Cool

So Tobias Wilcox what are you doing here at 0200 in the morning, reading Leonardo De Vinci?

Could it be ....

No, no, I'm sure you must really have better things to do like get your beauty sleep, not like us ugly married old fuggers!

------------------------------------------------------------

Advice from an old fugger

Never make fun of ugly old fuggers, one day you will be married to one!

Also never walk the earth looking skyward under Sea Gulls or pigeons!

You get a stiff neck looking up all the time! Though it is good excercise for double chins!

Last edited by kinsman; 29th Oct 2002 at 08:56.
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Old 29th Oct 2002, 15:28
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Kinsman, keep in mind that there are a large number of PPRuNe'rs on the other side of the pond. It was only 2100 hrs here on the east coast.

S.G.
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Old 29th Oct 2002, 15:34
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Safety Guy

The sad message was posted in UK!
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Old 29th Oct 2002, 17:06
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Sorry to change the subject a bit, but I have seen that the name of MT chief exec Peter Mchugh has been mentioned. Does anyone know if he would be the chief exec of other companies under its name?, ie Panorama and Manos. If not, do you know where I would be able to find out their names?


Many thanks in advance.
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Old 29th Oct 2002, 18:23
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Question

Kanos

No offence but that is a strange question why do you want to know?

Sounds like the kind of question a reporter might ask.


Safety Guy - just having a little fun with Tobias Wilcox! Nice to have a little light relief every now and then!

Last edited by kinsman; 29th Oct 2002 at 18:33.
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