Cyprus-Forum.com

[Paphitis]

I am here.

The information I have came from some people I know who are part of the very irate Union in Cyprus.

I understand passions are running very high at the moment and accusations and counter accusations are being made left right and centre.

Apparently there is no share holding but THK tried to buy Olympic in 2003. There is information I have from some sources that THK is trying to acquire Aegean now.

The only arrangement that exists between Aegean and THK is a code share between Athens and Istanbul and also Thessaloniki and Istanbul.

There are also some rumblings of applications being made to THK from Cypriot Pilots and I can confirm that because most are dual citizens, they will probably get an interview if they proceed.

All I can say is that Aegean is not flavour of the month.

There is a lot of stuff going on and I think it is getting very personal and passions are high, which is understandable too. Things like this really are awful. I remember the ANSETT collapse in Australia with 20,000 people losing their jobs.

That was a good airline too, and families were split over it. Pilots went overseas and to never return until retirement.

[CBBB]

I am here.

The information I have came from some people I know who are part of the very irate Union in Cyprus.

I understand passions are running very high at the moment and accusations and counter accusations are being made left right and centre.

Apparently there is no share holding but THK tried to buy Olympic in 2003. There is information I have from some sources that THK is trying to acquire Aegean now.

The only arrangement that exists between Aegean and THK is a code share between Athens and Istanbul and also Thessaloniki and Istanbul.

There are also some rumblings of applications being made to THK from Cypriot Pilots and I can confirm that because most are dual citizens, they will probably get an interview if they proceed.

All I can say is that Aegean is not flavour of the month.

There is a lot of stuff going on and I think it is getting very personal and passions are high, which is understandable too. Things like this really are awful. I remember the ANSETT collapse in Australia with 20,000 people losing their jobs.

That was a good airline too, and families were split over it. Pilots went overseas and to never return until retirement.

So you are basing your comments about Aegean and CY, on propaganda put out by the Cyprus Airways pilots union!!!!!!

Their "facts" were almost all speculation with the aim of stirring people up enough to stop the closure of CY, which was totally bankrupt and had no chance of becoming profitable without starting from the beginning!

[Paphitis]

I am here.

The information I have came from some people I know who are part of the very irate Union in Cyprus.

I understand passions are running very high at the moment and accusations and counter accusations are being made left right and centre.

Apparently there is no share holding but THK tried to buy Olympic in 2003. There is information I have from some sources that THK is trying to acquire Aegean now.

The only arrangement that exists between Aegean and THK is a code share between Athens and Istanbul and also Thessaloniki and Istanbul.

There are also some rumblings of applications being made to THK from Cypriot Pilots and I can confirm that because most are dual citizens, they will probably get an interview if they proceed.

All I can say is that Aegean is not flavour of the month.

There is a lot of stuff going on and I think it is getting very personal and passions are high, which is understandable too. Things like this really are awful. I remember the ANSETT collapse in Australia with 20,000 people losing their jobs.

That was a good airline too, and families were split over it. Pilots went overseas and to never return until retirement.

So you are basing your comments about Aegean and CY, on propaganda put out by the Cyprus Airways pilots union!!!!!!

Their "facts" were almost all speculation with the aim of stirring people up enough to stop the closure of CY, which was totally bankrupt and had no chance of becoming profitable without starting from the beginning!

I got to disagree with you.

They are raising some very interesting points and if only people new the shit that was going on they would be up in arms.

Unfortunately though, most people are not taking their side so there is a lot of bitterness.

Quite frankly, the Government has a lot to answer.

There are even documents where senior management were preparing closure from a week beforehand. They are alluding to some self interest parties in Government making decisions to suit them. The allegations are out there and they could be true or false. In my opinion, they should come clean if they got nothing to hide and answer all the questions posed to them in a transparent manner.

[CBBB]

There are even documents where senior management were preparing closure from a week beforehand. They are alluding to some self interest parties in Government making decisions to suit them. The allegations are out there and they could be true or false. In my opinion, they should come clean if they got nothing to hide and answer all the questions posed to them in a transparent manner.

Of course they were preparing closure from a week beforehand (hopefully they started well before that), the decision that was reached by the EU was almost a dead certainty!

[supporttheunderdog]

I am no insider but I predicted the demise of the airline on or just after 8th. Indeed the writing was on the wall (and closure had been a matter of Public debate) ever since aid deals fell to be reviewed by the EU Competition commission and where there was the example of MALEV, on the possible outcome.

The EU findings had apparently been leaked as early as 21st and it was then known they would likely be officially announced on 9th .

Against this background It is therefore not all surprising that those on the inside made closure plans in the period from 21st to 9th, e.g. in the weeks before. Indeed bearing in mind the history, they probably already existed long since and were probably mostly only dusted off and fine tuned.

That no buyer could be found for the airline as a going concern was no surprise with the sword of Damocles hanging over it, concerning the possible obligation to repay massive amounts of probably illegal state aid, and the likely need to restructure working practices against a likely hostile reaction from the Staff and Unions, bearing in mind it would likely involve job losses and wage-cuts.

Anyway now we are offered the possibility of a new Cyprus Airways: good luck to it, If it can avoid the problems that b*gg*r*d up the former airline. I would certainly consider using it, just as I used the old CY up to nearly the end.

[Paphitis]

I am no insider but I predicted the demise of the airline on or just after 8th. Indeed the writing was on the wall (and closure had been a matter of Public debate) ever since aid deals fell to be reviewed by the EU Competition commission and where there was the example of MALEV, on the possible outcome.

The EU findings had apparently been leaked as early as 21st and it was then known they would likely be officially announced on 9th .

Against this background It is therefore not all surprising that those on the inside made closure plans in the period from 21st to 9th, e.g. in the weeks before. Indeed bearing in mind the history, they probably already existed long since and were probably mostly only dusted off and fine tuned.

That no buyer could be found for the airline as a going concern was no surprise with the sword of Damocles hanging over it, concerning the possible obligation to repay massive amounts of probably illegal state aid, and the likely need to restructure working practices against a likely hostile reaction from the Staff and Unions, bearing in mind it would likely involve job losses and wage-cuts.

Anyway now we are offered the possibility of a new Cyprus Airways: good luck to it, If it can avoid the problems that b*gg*r*d up the former airline. I would certainly consider using it, just as I used the old CY up to nearly the end.

I predicted the demise too believing that the debt will be too much to overcome.

But the Pilots seem to think that is not the case. there case is a good one and they pointing towards some potential shady events.

There are many stories going around at the moment. CA had 10 years to pay off 65 million euros.

There is some dodgyness involving Aegean too and some high officials of the Government. Things many people don't know, or don't want to know.

there are also claims that there was a Australian and German Buyer which was suppressed.

[Paphitis]

There are even documents where senior management were preparing closure from a week beforehand. They are alluding to some self interest parties in Government making decisions to suit them. The allegations are out there and they could be true or false. In my opinion, they should come clean if they got nothing to hide and answer all the questions posed to them in a transparent manner.

Of course they were preparing closure from a week beforehand (hopefully they started well before that), the decision that was reached by the EU was almost a dead certainty!

Apparently that was not true.

Another document was asking for submissions by the RoC Government. A Defence counter argument if you will.

Nothing was ever lodged.

the decision was never a foregone conclusion. 4 Airlines got away with much worse.

[Get Real!]

I am no insider but I predicted the demise of the airline on or just after 8th.

It had been well covered in the media for years that CY-air had been suffering losses year after year and that the government kept them afloat, so it’s pretty funny to read that some of you “predicted” the obvious!

[CBBB]

But the Pilots seem to think that is not the case. there case is a good one and they pointing towards some potential shady events.

The pilots and other staff could have offered to buy the airline with their provident fund money if they thought it could be made profit-making, so they obviously knew that it couldn't.

There is some dodgyness involving Aegean too and some high officials of the Government. Things many people don't know, or don't want to know.

This is even more bukllshit! The Minister (Marios Demetriades) is a director of two companies that deal with Pireaus Bank, which happens to be the bankers of Aegean. The CY pilots are citing this as a conflict of interest!

[Paphitis]

But the Pilots seem to think that is not the case. there case is a good one and they pointing towards some potential shady events.

The pilots and other staff could have offered to buy the airline with their provident fund money if they thought it could be made profit-making, so they obviously knew that it couldn't.

There is some dodgyness involving Aegean too and some high officials of the Government. Things many people don't know, or don't want to know.

This is even more bukllshit! The Minister (Marios Demetriades) is a director of two companies that deal with Pireaus Bank, which happens to be the bankers of Aegean. The CY pilots are citing this as a conflict of interest!

Not just that, but they got Averoff, Anastasiades, and His Beastitude in their sights.

the last one is just because they don't like him.

the other 2 and a few more may have to answer to some serious allegations of their own.