DragonRapide - the problem with van Gaever is that he apparently thinks that the rules don't apply to him. For example, he says that producing a business plan is a waste of time, effort and money - despite that fact that it is a requirement for the issuance of an Operating Licence as set out in the EU's rules on air transport licencing.
Then he seems to think he can take over existing AOCs - first Sabena's(!), then CityBird's. That's impossible for the reasons I gave - even if they hadn't already been revoked.
Next, he thinks he will get his AOC, OL and DOT402 within a month - (15th January) which is sheer insanity; quite apart from the fact he's refusing to produce a business plan for the OL!
As you know, I have been working for the past couple of years on starting a transatlantic operation. Back in July, we decided that we did not have sufficient time to obtain the necessary documentation to ensure a start in March - and therefore moved back the launch date to 2003. Of course, with the current market conditions, we've suspended those plans indefinitely.
And things move a lot faster (now) in the UK than they do in Belgium.
Finally, we have the hopping around in terms of what he wants to do - first its destinations in the States, then the Caribbean, then Africa, now its those destinations in the States that DAT won't operate to - which would mean that he can't start his planning until DAT have decided where they want to fly...!
I was very sceptical about this at the outset; then I came round to believe that it could work. Now, I just think the guy is a clown.
Latest on DAT+ from ATWOnline.com
New DAT's funding unraveling
Dateline: Monday December 17, 2001
New DAT's future is looking increasingly bleak after a critical piece of its jigsaw-style financing plan fell through late last week.
Air Holding, the investor group led by Etienne Davignon and Maurice Lippens, could raise only eur177 million ($157.5 million), slightly more than half of the planned eur295 million. Sabena Interservices Center withdrew its restructuring plan at a court hearing in Brussels Thursday--a new hearing is slated for tomorrow--and therefore did not commit the eur100 million ($89 million) foreseen for DAT. The Flemish government has remained firm in its refusal to invest in the carrier.
New DAT was scheduled for launch Dec. 19. It needs at least eur415 million to fly to 35 European, seven African and two US destinations. To survive a "worst case scenario" and still be profitable by 2006 it needs eur505 million, Arthur D. Little said last week (ATWOnline, Dec. 12).