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  • PlymouthCity
    Senior Member
    • Apr 2005
    • 206

    Gill Airways comeback??

    I saw on airliners.net that Gill Airways could be restarting!

    Here is link:
    http://www.airliners.net/discussions....main/2507356/


    Is there any truth in this??
  • GKirk
    Rank 5 Registered User
    • Dec 2004
    • 460

    #2
    Sorry, but it's a fake thread

    Comment

    • andrewm
      Rank 2 Registered User
      • Jan 2000
      • 4456

      #3
      I could be considered a sort of expert on this particular company kinda!

      Gill Airways Name is owned by PriceWaterhouseCoopers (the appointed recievers). Gill Airways, when was wound up on 20th Sep, owed thousands of pounds and the recievers were unable to get enough money from selling assets to pay all companies who were owed by Gill Airways.

      The only way PriceWaterhouseCoopers are willing to sell the name Gill Airways etc was if the new owners would take over all outstanding debts of the old company.

      These were significantly reduced once assets were sold but still large enough to put investors off.

      Pity as the North East would have supported its comeback given they are very loyal for the most part. They would need to restructure as a loco carrier serving niche markets maybe reopening their successfull routes to the likes of Gotenburg etc.

      AF partnership again would have been a major coo.
      Regards, Andrew

      Comment

      • GKirk
        Rank 5 Registered User
        • Dec 2004
        • 460

        #4
        Gill Airways Name is owned by PriceWaterhouseCoopers (the appointed recievers).
        You'd be surpised to know that the Bank of Scotland were involved then?

        Comment

        • andrewm
          Rank 2 Registered User
          • Jan 2000
          • 4456

          #5
          The Bank of Scotland were the original bank of Gill Airways. PriceWaterhouseCoopers were the appointed recievers by a local Court when Gill Airways went Bankrupt on the 20th.

          It was because the Bank of Scotland removed finanical funding (i.e. they removed all loans etc to the company) that Gill Airways went bankrupt as they had to repay all loans and monies owed immediatly.
          Regards, Andrew

          Comment

          • lukeylad
            G.A.P Geordie and proud!!
            • Nov 2005
            • 2575

            #6
            i cant see gill starting from ncl again there hangers now used for cessnas i think

            Comment

            • andrewm
              Rank 2 Registered User
              • Jan 2000
              • 4456

              #7
              They wouldnt need their Hangers to restart. If they were sensible and were using AT42/72s again they could easily and much more cheaply get maintence with the likes of FLS or ATR themselves.

              Gill used those hangers because of the way they started as an Air Taxi service. They used smaller planes and had maintence facilities for the smaller aircraft. They did expand as the airline changed to using Shorts 360s and ATRs to be able to handle them but on no big scale.
              Regards, Andrew

              Comment

              • mattfalcus
                Rank 5 Registered User
                • May 2005
                • 57

                #8
                I think Eastern Airways have made the most of Gill disappearing, taking a lot of their business in the North East. Plus, Gill had a partnership with Air France, which wouldn't exist any more.

                I think it'd be tough for them to restart, unless they tried the lo-co route. I'd love to see it though - I do miss that airline.

                Matt
                Author
                Airport Spotting Guide Europe

                Comment

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