Globespan
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I don't want to get into a pissing contest.
WW you missed out one major fact XL had a management buyout and owed the money for that which I believe was in the 10's of millions if not more.
GSM owe nothing at all, there is a difference between the 2 companies.
I'm with HF420 on this let's all just get along and keep our companies going and hopefully when the upturn comes (??) it gives a place for all those who have not found a new job a place to go.
CMO
WW you missed out one major fact XL had a management buyout and owed the money for that which I believe was in the 10's of millions if not more.
GSM owe nothing at all, there is a difference between the 2 companies.
I'm with HF420 on this let's all just get along and keep our companies going and hopefully when the upturn comes (??) it gives a place for all those who have not found a new job a place to go.
CMO
Join Date: Mar 2003
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No need to worry about this airline going under, check the link:
FlyGlobespan defends financial position
FlyGlobespan defends financial position
Join Date: Jun 1999
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PAYE- T's& C's could be tweaked with Critical Illness/ Health Insurance & Loss of Licence Cover but days off are cast in stone.
Contractors- Money could be improved a bit especially as a Contractors 'Remittance' is supposed to be slightly higher than PAYE levels as you have to sort out your own tax, NI, Medical/Health Ins, Pension etc.
Generally the B737 shags have hardish but stable rosters with limited scope for overseas ACMI operations, while the B757/B767 crews are being 'expected' to spend anywhere between 12 days & 2 months away from families in a continuous stint unless you're 'lucky' enough to bag a 1 weekly GLA-SFB 24hr stop-over. Summers for the B757/767 tend to be 'Bullets' to Canada/US with the continuing ACMI Mod contract & odd UK domestic positioner.
Like I've stated earlier, I've been around Ad Hoc Charter, Scheduled Charter, Scheduled Long/Ultra Long Haul in 23 years of flying & the happiest I've been is here. It's a good, personable company. Supportive, professional, approachable & practical Flight Op's management. Small, friendly almost family-like atmosphere. I won't be going anytime soon. Almost a complete turnaround since last year....
Contractors- Money could be improved a bit especially as a Contractors 'Remittance' is supposed to be slightly higher than PAYE levels as you have to sort out your own tax, NI, Medical/Health Ins, Pension etc.
Generally the B737 shags have hardish but stable rosters with limited scope for overseas ACMI operations, while the B757/B767 crews are being 'expected' to spend anywhere between 12 days & 2 months away from families in a continuous stint unless you're 'lucky' enough to bag a 1 weekly GLA-SFB 24hr stop-over. Summers for the B757/767 tend to be 'Bullets' to Canada/US with the continuing ACMI Mod contract & odd UK domestic positioner.
Like I've stated earlier, I've been around Ad Hoc Charter, Scheduled Charter, Scheduled Long/Ultra Long Haul in 23 years of flying & the happiest I've been is here. It's a good, personable company. Supportive, professional, approachable & practical Flight Op's management. Small, friendly almost family-like atmosphere. I won't be going anytime soon. Almost a complete turnaround since last year....
Last edited by Pontious; 26th Oct 2008 at 10:18.
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Rosters are a work of fiction and published 7 days in advance of duty and not on the 15th of the month as advertised. Typically 6/7 days on 2 off.
Last edited by Wee Willy McGorbals; 28th Oct 2008 at 00:02.
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Down The Pan
I see their aircraft sitting on the ground more than they used to. 767 at LTN recently. £20 million loss last year to a profit this year - don't think so! I see that Mr Dalrimple (SP?) has been paying for advertising saying that the company are doing well -me thinks he profess too much.
Dont get me wrong, I hope they dont but their OTP is not good either!
Dont get me wrong, I hope they dont but their OTP is not good either!
Join Date: Sep 1999
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Try the more realistic figures of £13 million loss last year due 5 engine changes and Aircraft aquisitions.
Looking healthy this year, with a reasonable profit expected......
Every 6 months, someone says we are sinking fast, but we're still here....
See you in the summer!
LJ
Looking healthy this year, with a reasonable profit expected......
Every 6 months, someone says we are sinking fast, but we're still here....
See you in the summer!
LJ
Join Date: Mar 2004
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As one of the recent casualties of airlines going bust, i really do get pissed off with people 'talking down' airlines or companies they know nothing about!
True or not, it does nothing but harm when discussed on a public forum.
Any bashing followed by a " Oh, i hope they do stay in business" comment makes you look a ****.
True or not, it does nothing but harm when discussed on a public forum.
Any bashing followed by a " Oh, i hope they do stay in business" comment makes you look a ****.
Join Date: Jun 1999
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Albertoli
Well spotted. One of our 767's was at LTN for a while & now another one has taken its place. It's a phenomenon called 'Maintenance'. Aircraft need routine scheduled checks or minor modifications/ config. changes for lease customers. Our heavy checks are done with Monarch at their facility at, wait for it, LUTON!! There you go,Albertoli. A simple explanation as to why a GSM 767 was parked up at LTN.
It is obviously such an irritation to a feckless few that GSM is pulling through one of the darkest times in global financial history never mind just the aviation industry.
Well spotted. One of our 767's was at LTN for a while & now another one has taken its place. It's a phenomenon called 'Maintenance'. Aircraft need routine scheduled checks or minor modifications/ config. changes for lease customers. Our heavy checks are done with Monarch at their facility at, wait for it, LUTON!! There you go,Albertoli. A simple explanation as to why a GSM 767 was parked up at LTN.
It is obviously such an irritation to a feckless few that GSM is pulling through one of the darkest times in global financial history never mind just the aviation industry.
Join Date: Sep 2007
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Whilst I agree wholeheartedly with Plumponpies and Pontius, I wouldn't worry too much - it's unlikely that anyone with any real credibility is likely to take cognizance of any of the negative Posts regarding the future of airlines on this or any other PPruNe Thread.
No doubt many pundits will read with some amusement the comments written here - now and then snippets of information may prove useful, but hardly likely to determine the future of FlyGlobespan of any other operation.
Having been associated with FlyGlobespan in the past I do, genuinely, wish the airline and its staff well for the future.
FOK
No doubt many pundits will read with some amusement the comments written here - now and then snippets of information may prove useful, but hardly likely to determine the future of FlyGlobespan of any other operation.
Having been associated with FlyGlobespan in the past I do, genuinely, wish the airline and its staff well for the future.
FOK
Join Date: Jun 2007
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paying attention to posts
I hate to disagree with you mr kite but you couldnt be more wrong. Places like Paddy Power along with other less informed or sometimes down right scaremongering journos and slf do listen to some of the idiots on here
I know from a good source that paddy powers criminal speculation as to who might go bust next almost became a self fulfilling prophecy for one airline.
As soon as the company started featuring on the lists a senior source told me it was almost as if someone had switched the phones off. previously they had been thriving and suddenly their sales plummetted. The company that handled their credit card facilities got nervous with no foundation and with held money they had no right to JUST IN CASE. The company that covered their credit for fuel payment heard this and stopped giving credit and demanded payment in advance.
So as a result of completely unfounded speculation from the uninformed a previously thriving business suddenly became one whose cash flow was tight. Because they were a lot more robust than these mischievious speculators claimed they survived but it was a tough time and jobs were put at risk needlessly.
So all you idiots that feel the need to persistantly persecute airlines on these pages please cease and desist the damage you "unwittingly" do is immeasurable, and I am sorry the codicill "I REALLY HOPE THEY DO OK,SURVIVE, MAKE IT THROUGH" simply does not make what your doing either understandable or forgiveable.
Sorry for the rant guys but its a tough time for all at the minute and I am sick of these IDIOTS making it worse.
ID
I know from a good source that paddy powers criminal speculation as to who might go bust next almost became a self fulfilling prophecy for one airline.
As soon as the company started featuring on the lists a senior source told me it was almost as if someone had switched the phones off. previously they had been thriving and suddenly their sales plummetted. The company that handled their credit card facilities got nervous with no foundation and with held money they had no right to JUST IN CASE. The company that covered their credit for fuel payment heard this and stopped giving credit and demanded payment in advance.
So as a result of completely unfounded speculation from the uninformed a previously thriving business suddenly became one whose cash flow was tight. Because they were a lot more robust than these mischievious speculators claimed they survived but it was a tough time and jobs were put at risk needlessly.
So all you idiots that feel the need to persistantly persecute airlines on these pages please cease and desist the damage you "unwittingly" do is immeasurable, and I am sorry the codicill "I REALLY HOPE THEY DO OK,SURVIVE, MAKE IT THROUGH" simply does not make what your doing either understandable or forgiveable.
Sorry for the rant guys but its a tough time for all at the minute and I am sick of these IDIOTS making it worse.
ID
Join Date: Sep 2007
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Islasdad
I understand a senior executive in BA said 30 airlines are going to go bust before Christmas - I'm still waiting.
Now if an industry pundit can make such a claim and (hopefully?!) be wide of the mark, then I don't think airlines need fear too much from PPruNe!
Eighteen months ago, in March 2007, Weiss5 wrote
Either the holes have been plugged or, as I say, the comments on this Thread should be taken with a pinch of salt.
KR
FOK
I understand a senior executive in BA said 30 airlines are going to go bust before Christmas - I'm still waiting.
Now if an industry pundit can make such a claim and (hopefully?!) be wide of the mark, then I don't think airlines need fear too much from PPruNe!
Eighteen months ago, in March 2007, Weiss5 wrote
read the previous posts before thinking of joining this company. this ship is sinking fast!!
KR
FOK
Join Date: Jun 1999
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Islasdad,
You're absolutely spot on.
FOK,
I fear you may be a little nieve as to the potential damage media speculators such as PaddyPower can wield. I watched the threads build here for a week about Excel (RIP) before the BBC started reporting it. Excel lasted 5 more days.
Personally, I think that PaddyPower could be sued if a direct link can be seen regarding the health of a company prior to & after their company name appears on PP's site should the company suffer loss of bookings or, heaven forbid, fail.
That would make the Pikey's panic a bit, & hopefully realise the ramifications of their actions.
You're absolutely spot on.
FOK,
I fear you may be a little nieve as to the potential damage media speculators such as PaddyPower can wield. I watched the threads build here for a week about Excel (RIP) before the BBC started reporting it. Excel lasted 5 more days.
Personally, I think that PaddyPower could be sued if a direct link can be seen regarding the health of a company prior to & after their company name appears on PP's site should the company suffer loss of bookings or, heaven forbid, fail.
That would make the Pikey's panic a bit, & hopefully realise the ramifications of their actions.
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Pontius
I don't consider myself naive.
Are you saying that if the demise of Excel had not been reported on PPruNe or punters had not the taken notice of PaddyPower, Excel would now be in a healthy financial position?
I think not.
You have to differentiate between what is informed comment and what is assessed to be a statement of the inevitable. Which, in the case of Excel, amounted to the same thing!
KR
FOK
PS: I suppose that's why there were around 90,000 passengers (Wikipedia, the free encyclopedia) stranded overseas when Excel when bust - the largest 'rescue' operation ever undertaken! Obviously these people (slf) hadn't read PPruNe or visited PaddyPower?!
I don't consider myself naive.
Are you saying that if the demise of Excel had not been reported on PPruNe or punters had not the taken notice of PaddyPower, Excel would now be in a healthy financial position?
I think not.
You have to differentiate between what is informed comment and what is assessed to be a statement of the inevitable. Which, in the case of Excel, amounted to the same thing!
KR
FOK
PS: I suppose that's why there were around 90,000 passengers (Wikipedia, the free encyclopedia) stranded overseas when Excel when bust - the largest 'rescue' operation ever undertaken! Obviously these people (slf) hadn't read PPruNe or visited PaddyPower?!
Last edited by FlyingOfficerKite; 1st Nov 2008 at 20:46.
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Seeking Alternative Employment
The crew who are now "seeking alternative employment" are seasonal crew. Contracted for the summer.
Most will be returning next summer so can't have been that badly treated.
Most will be returning next summer so can't have been that badly treated.
Last edited by GSM SCOT; 2nd Nov 2008 at 15:49.
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I assume you mean seasonal....and based on what I've been hearing from them.... I doubt any would wish to return....if they had any other mortgage paying options....
Join Date: Jun 1999
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FOK
I wasn't saying you were totally nieve, just possibly a little.
I'm simply uneasy about the the fact that the postings on here are read by Journo's & that they try to 'follow up' leads by contacting posters, particularly the one's with grudges, & quote them in reported articles in the media spreading doom & gloom. I don't like the fact that they can damn near print anything with no accountability.
I had a massive 'exchange' with one who published in a UK national newspaper that Globespan were 'going bust next' & among his sources were this site & PaddyPower. Fortunately, Globespan isn't in anywhere near the poor shape Excel was in, nor are they as soley dependant on passenger bookings for revenue but I know quite a few concerned travellers called the Reservations line to either cancel trips & demand refunds or enquire about the 'financial security' of the company, so if existing concerned customers called the Res'Line, how many wary travellers didn't book a trip with Globespan? Hence why the owner, Tom Dalrymple, published his letter outlining the company's financial position.
No offence was intended, I just wish we had leashes & muzzles for mere Hacks & enforced codes of reporting for journalists.
Jimmy Riddle
I guess they were the ones who hadn't done any 'ASI's yet.
I wasn't saying you were totally nieve, just possibly a little.
I'm simply uneasy about the the fact that the postings on here are read by Journo's & that they try to 'follow up' leads by contacting posters, particularly the one's with grudges, & quote them in reported articles in the media spreading doom & gloom. I don't like the fact that they can damn near print anything with no accountability.
I had a massive 'exchange' with one who published in a UK national newspaper that Globespan were 'going bust next' & among his sources were this site & PaddyPower. Fortunately, Globespan isn't in anywhere near the poor shape Excel was in, nor are they as soley dependant on passenger bookings for revenue but I know quite a few concerned travellers called the Reservations line to either cancel trips & demand refunds or enquire about the 'financial security' of the company, so if existing concerned customers called the Res'Line, how many wary travellers didn't book a trip with Globespan? Hence why the owner, Tom Dalrymple, published his letter outlining the company's financial position.
No offence was intended, I just wish we had leashes & muzzles for mere Hacks & enforced codes of reporting for journalists.
Jimmy Riddle
I guess they were the ones who hadn't done any 'ASI's yet.
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Pontius
No offence taken!
It's just good to discuss these things - that's what PPruNe is all about!
KR
FOK
PS: If this was not the case then we might as well close PPruNe down! No offence ever intended
No offence taken!
It's just good to discuss these things - that's what PPruNe is all about!
KR
FOK
PS: If this was not the case then we might as well close PPruNe down! No offence ever intended