cy319
Posts: 368
Joined: Mon Apr 17, 2006 11:42 pm

Ajet (Helios) To Cease Operations/No Revival Plans

Tue Oct 31, 2006 11:55 pm

A very reliable Cypriot newspaper ('Politis') published today that Ajet will cease operations within the next 3 months and that it will not be re-registered in the UK as it had been originally planned because negotiations with Libra failed to reach an agreement. So far, it had been rumoured that the airline would move its operations base to the UK but apparently this will not happen.
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richm
Posts: 599
Joined: Fri Oct 29, 2004 1:21 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Wed Nov 01, 2006 12:03 am

That's a shame. Do they own their aircraft? Or are they leased?

- RichM
 
cy319
Posts: 368
Joined: Mon Apr 17, 2006 11:42 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Wed Nov 01, 2006 12:06 am

Their A/C are leased.
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CYatUK
Posts: 388
Joined: Mon Apr 17, 2006 2:21 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Wed Nov 01, 2006 4:12 am

This topic is already being discussed.

Please see
RE: Helios/ajet To Cease Operations? (by Jmc757 Oct 30 2006 in Civil Aviation)?searchid=3071623&s=helios#ID3071623 Helios/ajey to Cease operations [/url]
CY@Uk
 
cy319
Posts: 368
Joined: Mon Apr 17, 2006 11:42 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Wed Nov 01, 2006 4:17 am

Quoting CYatUK (Reply 3):
This topic is already being discussed.

It was but with inaccurate info.
The final news is that AJY will not transfer operations to the UK. It s gonna go completely dead.
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CYatUK
Posts: 388
Joined: Mon Apr 17, 2006 2:21 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Thu Nov 02, 2006 3:15 am

Tonight, CyBC reported that Ajet seems to have ceased operations from today!

The morning flight to BHX did not take off as planned at 07:00 and the passengers were allocated seats on a later flight with ECA.

The evening flight to London was also cancelled as the Cypriot CAA (following minister instructions) stopped any Ajet aircraft from taking off from Cyprus.

It has been said that Ajet has sent Cyprus CAA a letter informing them that the company is ceasing operations (this is not yet confirmed yet)

The ajet website is down "for maintenance until further notice"
CY@Uk
 
777ER
Crew
Posts: 9864
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RE: Ajet (Helios) To Cease Operations/No Revival Plans

Thu Nov 02, 2006 3:26 am

So where will the B738s now go? obviously back to their lease owner but who will get them next?
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MEA-707
Posts: 3671
Joined: Mon Nov 15, 1999 4:51 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Thu Nov 02, 2006 5:39 am

Good riddance! One of the few airlines I really wante to hit the road. The Helios crash was so shocking that it could happen within the EU, and Ajet still had some of the persons indirectly responsible in the management.
nobody has ever died from hard work, but why take the risk?
 
cy319
Posts: 368
Joined: Mon Apr 17, 2006 11:42 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Thu Nov 02, 2006 7:05 am

Quoting MEA-707 (Reply 7):
One of the few airlines I really wante to hit the road

I couldn't agree more.  Smile
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cy319
Posts: 368
Joined: Mon Apr 17, 2006 11:42 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Thu Nov 02, 2006 8:16 pm

Since yesterday evening, Helios/Ajet do not fly anymore as their AOC certificate was removed from them.
Pax for yesterday's evening flights to BHX and LGW were forwarded to other flights
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FoxBravo
Posts: 2769
Joined: Fri Nov 21, 2003 1:34 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Fri Nov 03, 2006 12:17 am

Quoting CY319 (Reply 9):
Since yesterday evening, Helios/Ajet do not fly anymore as their AOC certificate was removed from them.
Pax for yesterday's evening flights to BHX and LGW were forwarded to other flights

Thanks for this update. Does anyone have a link to a news source?
Common sense is not so common. -Voltaire
 
jetset7e7
Posts: 1009
Joined: Mon Jul 12, 2004 8:56 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Fri Nov 03, 2006 2:31 am

Quoting CY319 (Reply 9):
Since yesterday evening, Helios/Ajet do not fly anymore as their AOC certificate was removed from them.
Pax for yesterday's evening flights to BHX and LGW were forwarded to other flights

This was at MAN yesterday....
Reg: 5B-DCE
Type: B737-800
Operator: aJet Airways
Flight number: AJY414/01T
ATA: 13:36
ATD: 14:56
Comments: Positioning flight to Lasham

Obviously to Lasham for end of lease checks no doubt?
Will Excel's G-OXLB (5B-DBH) just return to lessor after lease to Excel, rather than back to aJet.

Mark
Retrofitted Blended Winglets - The Future Is On The Wing
 
CYatUK
Posts: 388
Joined: Mon Apr 17, 2006 2:21 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Fri Nov 03, 2006 3:15 am

Quoting Jetset7E7 (Reply 11):
This was at MAN yesterday....
Reg: 5B-DCE
Type: B737-800
Operator: aJet Airways
Flight number: AJY414/01T
ATA: 13:36
ATD: 14:56
Comments: Positioning flight to Lasham

Obviously to Lasham for end of lease checks no doubt?
Will Excel's G-OXLB (5B-DBH) just return to lessor after lease to Excel, rather than back to aJet.

A company spokesman said tonight live on the CyBC news that the initial plan was for Ajet to cease operations within the next 3 months, and for two airplanes from Excel!!! to cover all Ajet flights for the next 6 months to a year (with at least 123 Ajet employees transferred to Excel).

However, after announcing their plans, all Ajet creditors started putting pressure on the company to recover their costs and forced them to revise their plans. The news presented did ask if the "Excel" plan is still going ahead but the spokesman could not confirm anything.
CY@Uk
 
jetset7e7
Posts: 1009
Joined: Mon Jul 12, 2004 8:56 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Sat Nov 04, 2006 7:44 pm

Quoting CYatUK (Reply 12):
A company spokesman said tonight live on the CyBC news that the initial plan was for Ajet to cease operations within the next 3 months, and for two airplanes from Excel!!! to cover all Ajet flights for the next 6 months to a year (with at least 123 Ajet employees transferred to Excel).

Excel are basing a crew out in Cyprus next week to cover flights for AJet.
738 G-OXLB (5B-DBH) cannot fly into Cyprus, otherwise it will get inpounded, as it is owned by AJet and not Excel.

Mark
Retrofitted Blended Winglets - The Future Is On The Wing
 
CYatUK
Posts: 388
Joined: Mon Apr 17, 2006 2:21 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Tue Nov 07, 2006 5:41 am

Quoting Jetset7E7 (Reply 13):
Excel are basing a crew out in Cyprus next week to cover flights for AJet.
738 G-OXLB (5B-DBH) cannot fly into Cyprus, otherwise it will get inpounded, as it is owned by AJet and not Excel.

I heard from the media last week that this was the plan. However, today it has been announced that Cyprus Airways started operating the ajet flights to Sofia. This is not seen as a short term solution (i.e. to provide service for ajet passenger with tickets) but will continue as a normal schedule twice weekly.
CY@Uk
 
debonair
Posts: 2708
Joined: Sat Jan 03, 2004 10:50 pm

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Sun Nov 12, 2006 4:10 am

This is the statement of Ajet:  Wow!  Wow!  Wow!

The Government of the Republic of Cyprus last week illegally (  Wow! )detained Ajet’s Aircraft and froze the Company’s bank accounts, which was in direct contravention to the successful appeal lodged by Ajet in the District Court, causing substantial financial damage to the Company.

As a result Ajet regrets to announce that all flights that were scheduled to be operated by other Carriers to all destinations, will no longer be operating as of Monday 06/11/2006. All passengers will therefore have to make their own arrangements....


http://ajet.com/
 
CYatUK
Posts: 388
Joined: Mon Apr 17, 2006 2:21 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Sun Nov 12, 2006 6:58 am

Quoting Debonair (Reply 15):
The Government of the Republic of Cyprus last week illegally ( )detained Ajet’s Aircraft and froze the Company’s bank accounts, which was in direct contravention to the successful appeal lodged by Ajet in the District Court, causing substantial financial damage to the Company.

ajet owns £2m to Cypriot Government for the lincence, airport usage etc. They also own another £200-300k to Hermes Airports, the private company that has taken over LCA and PFO airports and is currently building the new terminals.

Ajet shot themselves on the foot when they announced that they were to stop operations within 3 months. Next day most of their creditors filed claims asking for their money in fear that they would never get it.

This led the company to suspend operations immediately (due to lack of cash)and last week one of company's officials handed over a letter to Cypriot CAA stating that they would be suspending operations immediately.

After this, they tried to take all their fleet (leased) away from Cyprus but (quite righlty) Cypriot CAA stopped them since they did not have a licence any more.
CY@Uk
 
Humberside
Posts: 3223
Joined: Sun Jan 01, 2006 12:44 am

RE: Ajet (Helios) To Cease Operations/No Revival Plans

Sun Nov 12, 2006 7:37 am

Eurocypria are taking over A-Jet/Helios's weekly summer HUY-Larnaca charter flight. As things stand that will mean two ECA LCA flights at HUY on Wednesday nights next summer in the space of about an hour, unless the flights get combined
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