http://newsvote.bbc.co.uk/1/hi/scotland/highlands_and_islands/8478134.stm
By: rdc1000 - 26th January 2010 at 11:19
Already a thread running rdc, merged 😉
I didn’t notice, thanks.
By: Deano - 26th January 2010 at 11:16
Already a thread running rdc, merged 😉
By: rdc1000 - 26th January 2010 at 11:07
Highland Airways stop taking bookings. Seeking funds urgently.
Say it all….
Scotland’s Highland Airways seeks urgent financial support
Alan Dron, London (26Jan10, 09:50 GMT, 254 words)Scottish regional carrier Highland Airways is urgently seeking new investment after admitting that it faces a cashflow problem.
In a statement, the Inverness-based company says its position has been “recently exacerbated” by the severe winter and a reduction in flying.
“The board has been seeking new investment and has been in discussion with several parties in recent weeks. Negotiations are ongoing with a potential investor that provides an excellent way forward for the company,” it says.
“The outcome of these discussions should be judged within days rather than weeks. In the meantime the company continues to trade normally.”
Highland’s commercial director, Basil O’Fee, says: “Our medium-term prospects are quite good but we need help in the short term.”
More potential investors have come forward in the past couple of days. It is likely that a financial solution will draw on several of these sources rather than a single entity, says O’Fee: “We’re anticipating we need 48 hours to come to a conclusion.”
Highland Airways has stopped selling tickets in the meantime. O’Fee says: “We’re not going to take bookings today until we are assured that our future is more secure.”
The company operates a series of public service obligation routes in the Scottish highlands and islands, plus a Cardiff-Anglesey service in Wales, and corporate staff shuttle services. Its fleet comprises two British Aerospace Jetstream 41s, seven Jetstream 31s and a single Britten-Norman BN-2 Islander.
It also operates two light Cessna aircraft on fishery and pollution patrols on behalf of Marine Scotland, a government agency.
Source: Air Transport Intelligence news
By: Skymonster - 25th January 2010 at 16:58
According to the airline, trading normally whilst seeking new investment
Andy
By: Deano - 25th January 2010 at 16:40
I have a very good friend who flies for them, they are waiting news on a last minute investor, if it doesn’t come off it’s curtains.
Sign In
January 25, 2010 at 4:30 pm