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Reply To: Delta Aviation into administration

Home Forums Historic Aviation Delta Aviation into administration Reply To: Delta Aviation into administration

#1230063
EN830
Participant

PH01

As it appears the company has gone into administration I would suggest trying to establish who the administrators are. They will be either keeping the Company on as a going concern in the hope of selling it, or more than likely winding it up and disposing of assets in order to pay creditors, which in theory you will be one. However there is a pecking order, senior debt such as bank loans and mortgages come first, then subordinated debt, then trade creditors and finally share holders.

Sorry to paint a bleak picture but it maybe that you won’t get much in return. Good luck.