Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Air Holland Going...going.....gone...?  
User currently offlineLeo From China, joined May 2006, 0 posts, RR: 0
Posted (11 years 11 months 1 week 2 days 21 hours ago) and read 1692 times:

Just released:

Eurocontrol goes to court for Air Holland fees
Tom Gill (28Aug02, 11:24 GMT, 152 words)


European air traffic control-provider Eurocontrol is pursuing Dutch charter carrier Air Holland in the courts over non-payment of €1.3 million of allegedly unpaid charges in a move that could drive the carrier into administration.

“We have taken legal action against Air Holland Leasing. Eurocontrol has sent a request for bankruptcy on August 15 to the [Dutch] court of Haarlem,” says a spokesman for the Maastricht-based European air traffic control organisation. He could not say when a ruling was likely.

“As of today, we are owed €1.3 million. We tried to resolve the issue amicably. There have been a lot of negotiations,” adds the Eurocontrol spokesman, who describes the move as “rare”.

Air Holland was not immediately available for comment.

Tony Gram, owner of the Delsey luggage company and Delsey Airlines, bought a substantial stake in Air Holland in May. The perennially troubled airline had been seeking a financial partner to aid restructuring.


Source: Air Transport Intelligence news


The beginning of the end..............................................................




9 replies: All unread, jump to last
 
User currently offlineDutchDeltaDude From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 11 months 1 week 2 days 21 hours ago) and read 1647 times:

OLD NEWS. This was already made public on August 15th.

Just yesterday, Air Holland announced that it expects to make the payment before the court hearings. This morning, in Dutch newspaper 'The Telegraaf', Tony Gram says that he and other shareholders of Air Holland are willing to invest more money in order to prevent a bankruptcy.


User currently offlinePH-BFA From Netherlands, joined Apr 2002, 562 posts, RR: 1
Reply 2, posted (11 years 11 months 1 week 2 days 20 hours ago) and read 1617 times:

BTW any pics of their new 767?

PH-BFA


User currently offlineLeo From China, joined May 2006, 0 posts, RR: 0
Reply 3, posted (11 years 11 months 1 week 2 days 14 hours ago) and read 1516 times:


Here are further details of the Air Holland situation, including a not so happy Delsey Airlines owner, Mr. Tony Gram......

Please enjoy.........................................................................


Air Holland seeks Eurocontrol settlement, incurs investor wrath
Maria Wagland, London (28Aug02, 17:31 GMT, 614 words)


Dutch charter carrier Air Holland is in talks with Eurocontrol in the hope of settling its legal dispute over unpaid charges prior to a planned 10 September bankruptcy hearing instigated by the air traffic control provider.

But the airline has separately fallen out with its major investor - Delsey Airlines owner Tony Gram of Belgium - over the state of its finances.

Air Holland today spoke with Eurocontrol following its decision to pursue the carrier through the courts for non-payment of charges.

Eurocontrol lead lawyer on the case Frans Vreede from Dutch firm Boekel de Neree says: “Eurocontrol are prepared to withdraw proceedings if they are paid in full. We are not negotiating a settlement but I do not exclude that Air Holland will bring up a substantial amount. I do not exclude that the court will suspend the case.

“I have just talked to Air Holland and told them it is essential for them to have an offer that suitably convinces not only Eurocontrol but also the Haarlem district court to keep the matter for a few weeks.”

He hints that a minimum payment of 75% of the amount would have to be made. “If the amount offered would be in that range then I would be willing to try to persuade Eurocontrol to withdrawn proceedings.” At the same time he is uncertain whether Air Holland would be able to make such an offer.

Vreede says that as of today the amount claimed by the company has gone up to €1.7 million ($1.6 million), more than when Eurocontrol asked the court on 15 August to put the airline into administration, claiming just under €1.5 million.

He stresses that this is the last stage of a long list of actions taken by Eurocontrol before going to court. Vreede was instructed in May to begin the process. Previously Eurocontrol had arranged a weekly payment plan that was only partially met by Air Holland.

The Dutch airline’s ownership is currently confused. Belgian entrepreneur Tony Gram bought out 100% of Air Holland in May this year at which time he embarked on plans for restructuring and developing the carrier alongside Delsey Airlines, which he bought as VG Airlines earlier in the year and renamed.

Delsey founder and CEO Freddy Van Gaever says Gram never received the full transfer of shares that he was scheduled to receive only days after the agreement was signed. Regardless, Gram, owner of luggage companies Delsey and Kipling, continued to invest in the company.

He points out that Air Holland is continuing its rapid growth, moving from one aircraft in May to three Boeing 757s in its fleet. Today it received its first Boeing 767 that will be used for its new charter operations for Air Gabon starting next week.

But Van Gaever remains concerned over the financial position of Air Holland and insists that the true financial picture for Air Holland was made clear to Gram only recently.

“I am very sad that so much money has been throw into a ditch,” he says. He says the airline’s book-keeping is in “chaos”. “It is something I would think would happen in South America and Africa and not Holland,” he declares.

Van Gaever says that Gram has lost “millions” of dollars that were invested in the airline - including money paid for the 100% shareholding - although details of the purchase price were never disclosed.

He claims that Delsey Airlines itself has lost $2 million in payments due from the airline for its wet-lease operations for Air Holland. Van Gaever says: “[Delsey] has flown nearly $2 million for them and we have not received a penny.”

Air Holland did not respond to enquiries.


Source: Air Transport Intelligence news


Anyone willing to place a bet on whether Air Holland will make it beyond 10 September.



User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 4, posted (11 years 11 months 1 week 2 days 14 hours ago) and read 1500 times:

... or that VG Airlines will make it past the 10th September either!  Big grin

User currently offlineScorpio From Belgium, joined Oct 2001, 5018 posts, RR: 44
Reply 5, posted (11 years 11 months 1 week 2 days 14 hours ago) and read 1490 times:

Somehow I knew it was only a matter of time before SAS23 jumped in here...

User currently offlineLeo From China, joined May 2006, 0 posts, RR: 0
Reply 6, posted (11 years 11 months 1 week 2 days 14 hours ago) and read 1481 times:

What's wrong Scorpio, SAS23 makes a perfectly valid point.

If Delsey Airlines is indeed owed US$2 Million by Air Holland for all the A330 flights operated for Air Holland, than I would assume the start-up kitty is nearly empty.

Tony Gram must have a headache.

I believe everyone will agree.


User currently offlineScorpio From Belgium, joined Oct 2001, 5018 posts, RR: 44
Reply 7, posted (11 years 11 months 1 week 2 days 13 hours ago) and read 1469 times:

Nothing 'wrong' with it, but not on the least surprising when you know his attitude towards VG/Delesey... well Belgian aviation in general.

User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 8, posted (11 years 11 months 1 week 2 days 12 hours ago) and read 1444 times:

Scorpio, I suggest you do some checking into other threads on VG/Delsey - you'll see that the vast majority of Belgian A.net members agree with me on this!  Big grin

VG/Delsey is, and always has been, a mickey mouse operation run by people that couldn't organise a drinks party in a brewery. Shame really as it could have worked out.


User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 9, posted (11 years 11 months 1 week 2 days 12 hours ago) and read 1448 times:

If VG is a mickey mouse operation then Celtic Airways must have had Disneyland as its hub.  Insane

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Island Air Q400's Going Back To BBD? posted Sun Oct 22 2006 19:18:13 by Panther
Air France Going A319LR To Jeddah posted Wed Sep 20 2006 20:17:52 by 777way
Air France Going Twice Daily @ IAH? posted Fri Nov 25 2005 16:26:48 by Thomasphoto60
Air India Going Public Soon? posted Mon May 23 2005 15:23:49 by Atmx2000
Air China's Going To Order 20xA332 posted Tue Jan 11 2005 06:45:03 by Smeagol
Thought Spirit Air Was Going To Expand? posted Wed Apr 28 2004 02:03:32 by Erj170
Air India Going For A Younger Looking Crew posted Sun Jan 11 2004 22:53:01 by United777
Where's This Miami Air 738 Going? posted Fri Jul 18 2003 01:29:23 by Timz
Air Malta Going To Paris Daily As Of Summer 2003 posted Tue Oct 8 2002 02:00:56 by BBADXB
Why Is Air Canada Going Broke? posted Mon Feb 4 2002 06:43:20 by Squigee