PPRuNe Forums

PPRuNe Forums (https://www.pprune.org/)
-   Rumours & News (https://www.pprune.org/rumours-news-13/)
-   -   MAE in administration (https://www.pprune.org/rumours-news/616917-mae-administration.html)

flybar 4th Jan 2019 10:19

MAE in administration
 
BBC reporting that Monarch Aircraft Engineering is in administration:-
https://www.bbc.co.uk/news/uk-englan...herts-46758200

oceancrosser 4th Jan 2019 14:07


Originally Posted by flybar (Post 10351518)
BBC reporting that Monarch Aircraft Engineering is in administration:-
https://www.bbc.co.uk/news/uk-englan...herts-46758200

Interesting, when Monarch failed, that was supposed to be the profitable part... What happened?

TURIN 4th Jan 2019 14:14

Poorly managed by all accounts. Very sad news for those involved. Hopefully, the other airlines and MRO's will snap them up.

tubby linton 4th Jan 2019 15:38

All part of the Mantegazza plan. Load up the various parts of the group with debt, walk away from a 600m pension deficit and take away anything of value back to Lugano or their yacht.

banshee 4th Jan 2019 15:40

Spot on Tubby. Not a lot else to say apart from condolences to those that chose to cling to the wreckage.

compton3bravo 4th Jan 2019 16:54

Let us not forget Greybull in that scenario. Asset strippers. Messrs Hodgson and Peacock (the founders of Monarch and Airline Engineering) must be turning in there graves at this sad outcome.

Alloy 4th Jan 2019 16:59

If it was not done with the justification of accountancy, then most of us would describe the actions of Greybull and the Mantegazzas as multiple crimes of theft.

All the best to those left left picking up the pieces.

weemonkey 4th Jan 2019 17:08

Whatever happened to people being an organisation's best assets?

:mad:

Council Van 4th Jan 2019 17:12

Ring Jet2, or apply on line or how ever you have to do it in this day and age. Opportunitiess coverings all aspects of the engineerimg operation.

http://www.jet2careers.com/engineering/

Road show, Birmingham next Wednesday, might be bit busier than they originally expected.

https://www.google.com/search?q=jet2...bs&htivrt=jobs

LookingForAJob 4th Jan 2019 20:51


Originally Posted by weemonkey (Post 10351888)
Whatever happened to people being an organisation's best assets?

:mad:

In most cases that's only ever framed on the wall of the company's reception area. :ugh:

-Alan- 5th Jan 2019 19:11

My nephew is one of those who has just lost his job. He had previously moved to Marshalls, but decided to get back to Monarch
to reduce travelling. Probably a bad move. Hopefully he'll get something at Luton.

Dualbleed 8th Jan 2019 11:31

Who is buying/ taking over their new maintenance hangar in BHX. ?

Andy D 8th Jan 2019 14:29


Originally Posted by Dualbleed (Post 10354879)
Who is buying/ taking over their new maintenance hangar in BHX. ?

Original article mentions FlyBe are taking over BHX ops and staff so maybe the hanger too?

CAEBr 8th Jan 2019 15:06


Quote:
Originally Posted by Dualbleed https://www.pprune.org/images/buttons/viewpost.gif
Who is buying/ taking over their new maintenance hangar in BHX. ?
Original article mentions FlyBe are taking over BHX ops and staff so maybe the hanger too?
"Taking over" - more like an AirBnB rental while Virgin or whoever decides who's having FlyBe.......


All times are GMT. The time now is 05:47.


Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.