jaymann Posted June 12 Share Posted June 12 11 hours ago, snowman said: The original timeline for Emerald starting is 18 months away, with licenses, employees and contracts required before the airline can start. Emerald was refused its operating licences less than a week ago and has to redo the process. They're well behind where they expected to be. Quote Link to comment Share on other sites More sharing options...
2112 Posted June 13 Share Posted June 13 Ettyl have been in the Nations Propaganda Mouthpiece today apologising for the deal to buy Stobart Air, falling through. Why? They didn’t have the funding and their funding partners may not have had the required funding. Maybe the funders decided that Ettyl weren’t a good risk both to lend money to, or to invest in. Like Dragons Den ……… For that reason im not investing ….. Im out! In a way perhaps it’s a relief and good thing that the deal failed, IOMG would have thrown money at them, the business may have failed, and the taxpayer owed £0000s in landing fee charges. Quote Link to comment Share on other sites More sharing options...
madmanxpilot Posted June 13 Share Posted June 13 The Police are investigating. An individual or group must have done something that is potentially illegal for that to be the case. It doesn't smack of someone just changing their mind about whether to stump up cash. Quote Link to comment Share on other sites More sharing options...
John Wright Posted June 13 Share Posted June 13 9 minutes ago, madmanxpilot said: The Police are investigating. An individual or group must have done something that is potentially illegal for that to be the case. It doesn't smack of someone just changing their mind about whether to stump up cash. The odd thing appears to be, according to Ettyl, that the report was made about, and the police are allegedly investigating, Ettyl’s lenders documentation. Of course the police haven’t confirmed any investigation. Read into that anything you want Quote Link to comment Share on other sites More sharing options...
jaymann Posted June 13 Share Posted June 13 14 minutes ago, John Wright said: The odd thing appears to be, according to Ettyl, that the report was made about, and the police are allegedly investigating, Ettyl’s lenders documentation. Of course the police haven’t confirmed any investigation. Read into that anything you want I mean the Telegraph did report: "A spokesman for the Isle of Man Constabulary said that following discussions with the chief inspector of economic crime that it was unable to comment." Read in to that what you will. You do love drama speculation John... Quote Link to comment Share on other sites More sharing options...
John Wright Posted June 13 Share Posted June 13 1 minute ago, jaymann said: I mean the Telegraph did report: "A spokesman for the Isle of Man Constabulary said that following discussions with the chief inspector of economic crime that it was unable to comment." Read in to that what you will. You do love drama speculation John... I’m stating fact. Not speculating at all. 1 Quote Link to comment Share on other sites More sharing options...
Get a life Posted June 14 Share Posted June 14 21 hours ago, madmanxpilot said: The Police are investigating. An individual or group must have done something that is potentially illegal for that to be the case. It doesn't smack of someone just changing their mind about whether to stump up cash. Or maybe the potential lender conducted a Google search...... Quote Link to comment Share on other sites More sharing options...
gossip1 Posted June 14 Author Share Posted June 14 6 hours ago, Get a life said: Or maybe the potential lender conducted a Google search...... yeah - that, is more like it - and found out that a certain Jason Scales cannot be trusted.. 1 Quote Link to comment Share on other sites More sharing options...
snowman Posted June 18 Share Posted June 18 https://www.telegraph.co.uk/business/2021/06/18/police-investigate-failed-rescue-stobart-air/ 1 Quote Link to comment Share on other sites More sharing options...
John Wright Posted June 18 Share Posted June 18 1 hour ago, snowman said: https://www.telegraph.co.uk/business/2021/06/18/police-investigate-failed-rescue-stobart-air/ When you want to link to an article behind a paywall you need to cut and paste the text, otherwise the majority of forum users can’t access. With Telegraph links that rises to 99.9%. 1 Quote Link to comment Share on other sites More sharing options...
snowman Posted June 18 Share Posted June 18 4 minutes ago, John Wright said: When you want to link to an article behind a paywall you need to cut and paste the text, otherwise the majority of forum users can’t access. With Telegraph links that rises to 99.9%. It's free for 24 hours. Just use multiple email addresses if necessary. Anyway...... Police have launched a formal investigation called into a £2 takeover of Stobart Air, the regional airline that called in liquidators last weekend. Stobart Air, which ran a string of services for Aer Lingus as well as previously operating flights for British Airways and Dutch carrier KLM, ceased trading after a rescue deal collapsed. Hundreds of jobs are now at risk. The Telegraph reported earlier this month that police on the Isle of Man had been alerted to potential irregularities in relation to the nominal sale to Ettyl, a start-up led by 26-year-old Bitcoin investor Jason Scales. A spokesman from the Isle of Man Constabulary confirmed that a formal investigation is now underway. “We are unable to comment further at this time,” the police spokesman added. It is understood that the investigation is called "Operation Whirlwind". Stobart Air was put up for sale by its London-listed owner Esken, formerly known as Stobart Group, to stem huge losses as a result of expensive aircraft leasing contracts that were negotiated several years ago. Advertisement Esken is understood to have provided lessors with a parent company guarantee, leaving it liable for lease payments worth millions of pounds following the airline’s collapse. Mr Scales struck a deal with Esken to buy the airline in April. Following inquiries from The Telegraph, Esken admitted in May that there were difficulties surrounding funding for the deal. Ettyl says that it reported concerns to the police about an “issue with the paperwork supplied by one of the proposed third-party funders” as soon as it was aware of them. Esken confirmed on Monday that it is in talks with buyout giant Carlyle to offload a 30pc stake in Southend Airport for £120m. Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted June 18 Share Posted June 18 10 minutes ago, John Wright said: When you want to link to an article behind a paywall you need to cut and paste the text, otherwise the majority of forum users can’t access. With Telegraph links that rises to 99.9%. If you turn your javascript off and refresh the page the paywall disappears. You can do this in your browser settings or if you've any sense through your ublock origin extension. This doesn't work for the times or FT though sadly. Quote Link to comment Share on other sites More sharing options...
John Wright Posted June 18 Share Posted June 18 14 minutes ago, TheTeapot said: If you turn your javascript off and refresh the page the paywall disappears. You can do this in your browser settings or if you've any sense through your ublock origin extension. This doesn't work for the times or FT though sadly. None of that means anything. No idea how to do that on my ipad. Certainly can’t be bothered with all that faff. In any event I’d never read the Telegraph, even if it were free. And I certainly haven’t got time to set up hundreds of separate e-mail accounts. No one does, apart from TJ and sultan. 3 Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted June 18 Share Posted June 18 9 minutes ago, John Wright said: None of that means anything. No idea how to do that on my ipad. Certainly can’t be bothered with all that faff. In any event I’d never read the Telegraph, even if it were free. And I certainly haven’t got time to set up hundreds of separate e-mail accounts. No one does, apart from TJ and sultan. I couldn't advise on apple products but for me it is 3 clicks. I'm no fan of the telegraph either but sometimes there's an article worth a read, and turning off javascript is the easiest way to do it. Info for everyone that really. Quote Link to comment Share on other sites More sharing options...
madmanxpilot Posted June 18 Share Posted June 18 'Operation Whirlwind' It must be serious stuff with a name like that. Quote Link to comment Share on other sites More sharing options...
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