Eastern Airways

[pug]

All the airworthy Jetstreams under took a short flight from Humberside last week, could be a test flight for potential new owners

They’ve been flying once a month to keep them ready. Insurance purposes I believe.

Not for nothing is the owner known as Tricky Dicky

Understand he wasn’t too happy when a credible investor came along to scoop it all up. Heard he thought he’d get it all dirt cheap and let his son start his own airline. Clearly not to be.

 

[Finger66]

They’ve been flying once a month to keep them ready. Insurance purposes I believe.


Understand he wasn’t too happy when a credible investor came along to scoop it all up. Heard he thought he’d get it all dirt cheap and let his son start his own airline. Clearly not to be.

Oooh does that mean it's was all part of his intended debt removal plan that has backfired? Go into adminstration, remove debts and start again? Just maybe the artful dodger has finally got his come uppance

 

[BCFC]

Just been reading in a Devon paper that Eastern owed NQY Airport £1.6M…..ouch! Cornwall Council are not happy .

 

[Finger66]

Still rumours going around that they have been bought from the Administrators. Still not clear as by who although Ecojet have been mentioned. Also not clear how much of the old company's debt they will have to repay. Some suggestions saying the purchase itself is for a very nominal fee with the rest going towards the CVA or whatever official technicalities apply in these scenarios. Total 6m purchase price is what I have heard. They really should have their own soap opera!

 

[pug]

Still rumours going around that they have been bought from the Administrators. Still not clear as by who although Ecojet have been mentioned. Also not clear how much of the old company's debt they will have to repay. Some suggestions saying the purchase itself is for a very nominal fee with the rest going towards the CVA or whatever official technicalities apply in these scenarios. Total 6m purchase price is what I have heard. They really should have their own soap opera!

The rumour that people might like the most though is that RL had hoped nobody would buy it so he’d be able to re-acquire it through some kind of apparatus (loophole?). Rumours suggest the anger in the Louth area was palpable

I won’t pretend to know what’s actually going on because the people I knew there have thankfully all managed to get jobs in other airlines. I also hear that the commercial director has thankfully not moved into another aviation post! Meanwhile RL seems to be in a position to retire now so probably won’t have any more dealings in the airline business. He does have the next generation of Lakes though, and one rumour was one of his sons, who I understand is an intelligent chap, was looking to run with it. Appears that is not to be.

Will it be EcoJet? Will they get anywhere with it? Who knows, but it would be nice to see some jobs come back to Humberside so long as they have credible backing and a workable plan.

 

[BCFC]

Still rumours going around that they have been bought from the Administrators. Still not clear as by who although Ecojet have been mentioned. Also not clear how much of the old company's debt they will have to repay. Some suggestions saying the purchase itself is for a very nominal fee with the rest going towards the CVA or whatever official technicalities apply in these scenarios. Total 6m purchase price is what I have heard. They really should have their own soap opera!

Just been reported its been sold for a nominal amount….rumour is £1.00

Still rumours going around that they have been bought from the Administrators. Still not clear as by who although Ecojet have been mentioned. Also not clear how much of the old company's debt they will have to repay. Some suggestions saying the purchase itself is for a very nominal fee with the rest going towards the CVA or whatever official technicalities apply in these scenarios. Total 6m purchase price is what I have heard. They really should have their own soap opera!

Insolvency specialists handling the collapse of Eastern Airways are hopeful the carrier can live on, at least in some form, through a rescue of sister company Air Kilroe, which held the carrier’s fleet and air operator’s certificate (AOC), among other assets.

Both companies ceased trading in late October, blaming the loss of a contract with KLM Cityhopper in July last year for unsustainable losses.

 

[The Pole]

People slating Eastern last year due to diabolical KLM service which is probably why they lost the contract and it appears we want it resurrecting!