Velvet Sky Grounded
Posted 24 February 2012 - 02:56
Posted 24 February 2012 - 03:04
Posted 24 February 2012 - 07:13
My lady friend finally boarded about an hour ago.
Lucky lady..........I would suggest she buy a ticket on Kulula or SAA for her return journey.
Been out all afternoon but I heard they managed to get airborne today, one wonders for how long though, seems the courts gave VS until 07 March to respond and show why they should not be liquidated.
BP is allegedly owed R29 Million in fuel and they have said no fuel company in any airport will supply A1 aviation to VS.
The company is allegedly buying small amounts of fuel by credit card from "other sources"
BP also said Velvet Sky was aware of its intention on Wednesday to file for liquidation in two days but did not respond. (Double roll eyes)
BP's attorney Thulani Mciwa said in court papers that in view of Velvet Sky's obvious credit difficulties it would not be able to obtain aviation fuel from any major fuel companies in South Africa.
He had heard that Velvet Sky was living from hand to mouth by using credit cards to buy small amounts of fuel from other sources.
However, it was not possible to operate its fleet continuously without the proper fuel supply.
Mciwa said the court should ensure that no creditors were unfairly preferred and that Velvet Sky's assets should be preserved as soon as possible.
Edited by GrumpyOldGuy, 24 February 2012 - 07:17 .
Posted 27 February 2012 - 08:52
Posted 27 February 2012 - 08:55
Posted 27 February 2012 - 08:56
Merged your thread, and posted an update.
Posted 27 February 2012 - 11:59
I think they are going to start running out of customers soon, people flying now were probably booked and payed 10 days or more ago, the very poor press and its cash flow issues will keep all but the very tough from buying future tickets on Velvet Sky now.
Already they have tried to boost their flagging bank balance and revenue stream by forward selling a R600.00 ticket for R400.00, however with the recent fiasco, the threat of liquidation, no normal fuel credit, SAA Technical withholding maintenance and service to their planes due to an R11 million debt, another R29 Million owed to BP any drop in seat sales income will be disastrous and an airline already so deeply in debt, I doubt they will be flying in 3 months time.
Edited by GrumpyOldGuy, 27 February 2012 - 12:00 .
Posted 27 February 2012 - 04:35
Posted 27 February 2012 - 04:37
Posted 27 February 2012 - 05:54
Yeah, I saw that, no-one will sell them fuel, due obviously, to concern over the financial issues.
I said 3 months, think I was a bit optimistic, seems it was closer to 3 days.
Posted 27 February 2012 - 06:05
Slight change of topic I see a SAA Plane skidded off Sao Paulo runway, everone safe! caused due to bad weather and heavy rain
As there are Aurora people involved here they will quickly raid the coffers, go on with their luxury living, continue getting fat and care stuff all about the people who lost money!!!!!!!! They did the same at Grootvlei Mine.
Posted 27 February 2012 - 06:05
Remember when the same thing happened to Intensive Airlines, the staff knew nothing, just came into work one morning and were told they could go home, this was communicated by the management from the owners who weren't even present.
Posted 27 February 2012 - 06:16
Posted 27 February 2012 - 06:49
Oh, indeed, is it not a shame that the same individuals are implicated over and again in so many badly run business enterprises. BP and SAA has said that from early on the airline was consistently late in paying them, yet, with all their debt, they recently still saw fit to splurge R4.9 mil on some private jet.
Just one business joke after another, but I am pretty sure non of the ex Aurora directors are likely to be affected and they will just move on to the next gold cushion, while the poor staff and sadly the creditors are left fighting to pick up the pieces.
Posted 28 February 2012 - 12:28
Just sent them a mail to see if i will get some of my money back i gave them to hold for me for safe keeping. Clowns