Good while it lasted?

WOW!! They really are superb photos. He was very lucky to have the opportuity to take photos like that.

Yeah, I wish I had his job – he’s one of the photographers for www.justplanes.com and he films some of the World Air Routes videos.

He was probably filming some air to air footage for a World Air Routes program on Jetmagic, which alot of people were expecting to be released, but unfortunatly it never was…

WOW!! They really are superb photos. He was very lucky to have the opportuity to take photos like that.

The most amazing pictures of Jetmagic aircraft, thanks to Jan Mogren… 😎

http://www.airliners.net/open.file/472407/M/

http://www.airliners.net/open.file/467155/M/

Duo where doomed thanks to the Scottish Executive

What has Politics to do with this forum Jon.?
Commercial Aviation.?

Duo where doomed thanks to the Scottish Executive

from Irish Examiner

By Conor Keane, Business Correspondent
JETMAGIC is to be wound up after a search for fresh investors failed to secure an estimated €15 million required to re-start the company which ceased operations from its Cork base in January.

Cork Chamber of Commerce chief executive Michael Geary, who led a search for new investors, said that at this stage he believed there was no one out there willing to put Jetmagic planes back in the air.

The Irish Examiner understands that preparations are being made to wind up the company, which closed in late January with a deficit of close to €3.5m. More that €11m in equity had been invested in the company by mostly Cork-based shareholders

Jetmagic has yet to appoint a receiver or seek the protection of the High Court by asking to be put into examinership.

A formal announcement on the method of winding up the company is expected in the coming days.

Accounts for Jetmagic Limited, covering the year to March 2003, during its start-up phase show that shareholders provided €3.62m in interest free loans to the company in 2003.

It is understood that the loans were converted to shares since then. Among those who provided the loans were five directors who gave €240,170.

Shareholders in the company, which include former Aer Lingus chief, Michael Foley; IDA director Gary Duffy; Bowen Construction director Pat Kelliher; O’Flynn Construction director Brian O’Neill; solicitors Colm McGuire and Ciaran Desmond; air traffic controller Jochen Schnadt; ex- Jetmagic CEO Pat Raftery; Gary Tomlins; Colm McGuire; Guy Perrem; Timothy O’Connor; Alex McCarthy; Kevin O’Connor and developer Gerry Wycherley, are understood to have invested close to €11 million in the company before it hit the financial turbulence which grounded it.

In the year to the end of March 2003, company directors were paid €212,478 in “fees and other emoluments.” An accounting team has completed a creditors’ list and the total amount outstanding to, mostly Cork-based service and supply companies, will be in the region of €3.5 million.

Jetmagic’s 103 employees did not receive any redundancy payments because the company was not in business long enough for them to build up statutory entitlements.

A further 25 workers employed on a temporary basis by baggage handling and service provider Servisair also lost their jobs when Jetmagic ceased operations.

Aer Arann has already commenced operations on the Cork-Belfast route replacing the service previously offered by Jetmagic.

No, Maersk are still going(in Denmark), but in the UK they seperated from the BA franchise and decided to go their own way as Duo…….and failed.

Duo went bust??? I didn’t knew that?! So Maersk is also gone?

When the clock struck twelve on the first of May! 😉 🙁
The problem is, operating RJs in Europe just doesn’t seem to work as well in Europe as it does in the US, they are too expensive.
Especially when they started off with only 10 passengers or so on their worst routes, they didn’t have anough money to do any advertising. In my eyes that was there biggest downfall. They had a seriously flawed business plan. 🙁

Damn! duo too??? when did they close their doors??? In the US the small regionals are really doing well……

Damn I miss duo! 🙁 If only they could of held on for another month or two. 🙁

Great photo as ever 🙂

Great photo Joe 😉

Very sad Jetmagic went bust just like it was sad about Duo. Great c/s.

I could never seem to get Duo’s in good light.

This one was being an exception..

Great photo Joe 😉

Very sad Jetmagic went bust just like it was sad about Duo. Great c/s.

RE are expanding quite quickly but bmibaby are announcing routes every where and operating from various different airports and there gone a bit wangy.jetmagic didnt even fly to Dublin and the ORK-DUB route is a goldmine.Aer Arann do it 7 times daily.

Used to see the aircraft operating daily into Liverpool – such a change from the orange of easyjet – however Aer Arran commenced services last monday to Knock, but at a crazy late time 1x daily, however they certainly are expanding at a phenominal rate!

Gone but not forgotten 🙂

I agree Bmused. I think if they’d had a bit more time (and money obviously), they would have had a nice little airline there.

Why are you bringing this up now they went bust months and months ago.The routes they had were ok but some were a bit mad like ORK-Nantes I dont think that would even workk from Dublin.

I think this thread is merely meant as a lament to what, for all involved and knew of it, seemed to be a promising airline.

Why are you bringing this up now they went bust months and months ago.The routes they had were ok but some were a bit mad like ORK-Nantes I dont think that would even workk from Dublin.