Posted by: SPAMALOT, southside on 11:20am Fri 12 Sep 08
According to sky news it went into admin at 1am.
According to sky news it went into admin at 1am.
Posted by: KB, Glasgow on 11:29am Fri 12 Sep 08
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on?
[bold]http://www.xl.com/[/bold]
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on?
http://www.xl.com/ Posted by: Hoof Hearted, GlasVegas on 11:38am Fri 12 Sep 08
Irrespective what time it happened, surely the management knew they were facing difficulties weeks, if not months earlier.
Surely they should have realised that worst case scenario, they fold an dleave people stranded. Why not have some contingency plan to put in place when that happens?
Don't just leave people high and dry.
Irrespective what time it happened, surely the management knew they were facing difficulties weeks, if not months earlier.
Surely they should have realised that worst case scenario, they fold an dleave people stranded. Why not have some contingency plan to put in place when that happens?
Don't just leave people high and dry.
Posted by: marty, Glasgow on 12:11pm Fri 12 Sep 08
It's unfortunate that another struggling business has gone under - but why no mention of the job losses? These people are the real losers, not the package holiday-makers who have been sadly inconvenienced. At least they have ATOL protection, travel insurance and failing that, credit card protection. UK consumers are very well protected indeed.
And the idea that a struggling company would announce "We're having cashflow problems due to higher fuel costs and lower passenger numbers, so you might want to cancel your holiday with us just in case we go into receivership before your week in Costa del Sol" - get real! The directors woyuld have been trying their hardest to keep the compant afloat for the good of everyone - themselves, shareholders, employees and customers.
I'd imagine the staff were the last to find out the firm had gone bust.
It's unfortunate that another struggling business has gone under - but why no mention of the job losses? These people are the real losers, not the package holiday-makers who have been sadly inconvenienced. At least they have ATOL protection, travel insurance and failing that, credit card protection. UK consumers are very well protected indeed.
And the idea that a struggling company would announce "We're having cashflow problems due to higher fuel costs and lower passenger numbers, so you might want to cancel your holiday with us just in case we go into receivership before your week in Costa del Sol" - get real! The directors woyuld have been trying their hardest to keep the compant afloat for the good of everyone - themselves, shareholders, employees and customers.
I'd imagine the staff were the last to find out the firm had gone bust.
Posted by: Joe Shmo, Glasgow on 12:28pm Fri 12 Sep 08
No ATOL protection if it isn't a package holiday. You book the flights, hotels etc yourself then its not covered.
No ATOL protection if it isn't a package holiday. You book the flights, hotels etc yourself then its not covered.
Posted by: 2for1, Glasgow on 12:46pm Fri 12 Sep 08
[quote][bold]marty[/bold] wrote:
It's unfortunate that another struggling business has gone under - but why no mention of the job losses? These people are the real losers, not the package holiday-makers who have been sadly inconvenienced. At least they have ATOL protection, travel insurance and failing that, credit card protection. UK consumers are very well protected indeed.
And the idea that a struggling company would announce "We're having cashflow problems due to higher fuel costs and lower passenger numbers, so you might want to cancel your holiday with us just in case we go into receivership before your week in Costa del Sol" - get real! The directors woyuld have been trying their hardest to keep the compant afloat for the good of everyone - themselves, shareholders, employees and customers.
I'd imagine the staff were the last to find out the firm had gone bust.[/quote] Thanks marty, as someone who works for an airline, it's very troubling for my coleagues and I when news like this breaks, on what is now becoming a weekly event it seems! Like you say, the majority of people will get their money back and suffer no more than an inconvenience, but no one thinks about the employees... the punters loose two weeks holiday and at most a few hundred quid... we can loose everything!
2f1
marty wrote:
It's unfortunate that another struggling business has gone under - but why no mention of the job losses? These people are the real losers, not the package holiday-makers who have been sadly inconvenienced. At least they have ATOL protection, travel insurance and failing that, credit card protection. UK consumers are very well protected indeed.
And the idea that a struggling company would announce "We're having cashflow problems due to higher fuel costs and lower passenger numbers, so you might want to cancel your holiday with us just in case we go into receivership before your week in Costa del Sol" - get real! The directors woyuld have been trying their hardest to keep the compant afloat for the good of everyone - themselves, shareholders, employees and customers.
I'd imagine the staff were the last to find out the firm had gone bust.
Thanks marty, as someone who works for an airline, it's very troubling for my coleagues and I when news like this breaks, on what is now becoming a weekly event it seems! Like you say, the majority of people will get their money back and suffer no more than an inconvenience, but no one thinks about the employees... the punters loose two weeks holiday and at most a few hundred quid... we can loose everything!
2f1
Posted by: jkr, Lochwinnich Greater Glasgow on 2:53pm Fri 12 Sep 08
[quote][bold]KB[/bold] wrote:
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on? [bold]http://www.xl.com/[/bold] [/quote] I hope we get an explanation why XL is still able to operate normally in France and Germany while they can be closed down in 5 minutes in the UK
KB wrote:
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on? http://www.xl.com/
I hope we get an explanation why XL is still able to operate normally in France and Germany while they can be closed down in 5 minutes in the UK
Posted by: 2for1, Glasgow on 3:08pm Fri 12 Sep 08
From the XL Airways Germany website:
[italic]The British Airline and travel business XL Leisure Group Plc. ("XLGUK") has gone into Administration after a long and protracted attempt to restructure the business.
Straumur-Burdaras Investment Bank hf. ("Straumur") acquired XL Airways France and XL Airways Germany today. XL Airways France and XL Airways Germany have independent management teams and are distinct operations from XLGUK which are profitable and financially viable.
Straumur will acquire the business immediately and run the business as normal. Therefore there will be no disruption to the integrity of XL Airways France's and XL Airways Germany's flight plans and tourist programmes. [/italic]
Guess the problem with XL in the UK, was they couldnt find anyone to help finance them like the German and French subsiduaries!
2f1
From the XL Airways Germany website:
The British Airline and travel business XL Leisure Group Plc. ("XLGUK") has gone into Administration after a long and protracted attempt to restructure the business.
Straumur-Burdaras Investment Bank hf. ("Straumur") acquired XL Airways France and XL Airways Germany today. XL Airways France and XL Airways Germany have independent management teams and are distinct operations from XLGUK which are profitable and financially viable.
Straumur will acquire the business immediately and run the business as normal. Therefore there will be no disruption to the integrity of XL Airways France's and XL Airways Germany's flight plans and tourist programmes.
Guess the problem with XL in the UK, was they couldnt find anyone to help finance them like the German and French subsiduaries!
2f1
Posted by: Big Al, Glasgow on 6:04pm Fri 12 Sep 08
[quote][bold]jkr[/bold] wrote:
[quote][bold]KB[/bold] wrote:
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on? [bold]http://www.xl.com/[/bold] [/quote] I hope we get an explanation why XL is still able to operate normally in France and Germany while they can be closed down in 5 minutes in the UK[/quote] I think it was reported a couple of weeks ago that XL were running into cash problems. I don't think its a case of a company closing down in 5 minutes - its more a case of suppliers no longer willing to provide credit for them to continue.
http://business.time
sonline.co.uk/tol/bu
siness/industry_sect
ors/leisure/article4
641144.ece
jkr wrote:
KB wrote:
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on? http://www.xl.com/
I hope we get an explanation why XL is still able to operate normally in France and Germany while they can be closed down in 5 minutes in the UK
I think it was reported a couple of weeks ago that XL were running into cash problems. I don't think its a case of a company closing down in 5 minutes - its more a case of suppliers no longer willing to provide credit for them to continue.
http://business.time
sonline.co.uk/tol/bu
siness/industry_sect
ors/leisure/article4
641144.ece
Posted by: jrb, glasgow on 6:27pm Fri 12 Sep 08
Lets hope the leaders of unions in scotland focus on doing what they can for the workers who have lost their jobs rather on urging their members to come out on strike,at least their members are still in a job so stop been greedy,the whole country is suffering at the moment not just public sector workers..
Lets hope the leaders of unions in scotland focus on doing what they can for the workers who have lost their jobs rather on urging their members to come out on strike,at least their members are still in a job so stop been greedy,the whole country is suffering at the moment not just public sector workers..
Posted by: think, glasgow on 6:55pm Fri 12 Sep 08
jrb, spoken like a true member of management - shut-up and take what you're given - just be grateful etc etc
jrb, spoken like a true member of management - shut-up and take what you're given - just be grateful etc etc
Posted by: jrb, glasgow on 9:33pm Fri 12 Sep 08
[quote][bold]think[/bold] wrote:
jrb, spoken like a true member of management - shut-up and take what you're given - just be grateful etc etc[/quote] In the current situation union leaders are behaving irresponsibly in calling for industrial action,what makes council workers different!and the vast majority of the public despise them and rightly so!.. this is the 21fst century not the 1930s.
think wrote:
jrb, spoken like a true member of management - shut-up and take what you're given - just be grateful etc etc
In the current situation union leaders are behaving irresponsibly in calling for industrial action,what makes council workers different!and the vast majority of the public despise them and rightly so!.. this is the 21fst century not the 1930s.
Posted by: SPAMALOT, southside on 11:07pm Fri 12 Sep 08
[quote][bold]jrb[/bold] wrote:
[quote][bold]think[/bold] wrote: jrb, spoken like a true member of management - shut-up and take what you're given - just be grateful etc etc[/quote] In the current situation union leaders are behaving irresponsibly in calling for industrial action,what makes council workers different!and the vast majority of the public despise them and rightly so!.. this is the 21fst century not the 1930s.[/quote] all things bright and beutifull am all for sacking thev lazy people in the safety zone ie the cooncil workers wont work cant work. Take there pensions away an d there coffee machines there aw inter bred
jrb wrote:
think wrote: jrb, spoken like a true member of management - shut-up and take what you're given - just be grateful etc etc
In the current situation union leaders are behaving irresponsibly in calling for industrial action,what makes council workers different!and the vast majority of the public despise them and rightly so!.. this is the 21fst century not the 1930s.
all things bright and beutifull am all for sacking thev lazy people in the safety zone ie the cooncil workers wont work cant work. Take there pensions away an d there coffee machines there aw inter bred
Posted by: glaped, glasgow on 12:01am Sat 13 Sep 08
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on?
http://www.xl.com/
Hardly think so the goverment are scum
Interesting that XL France and Germany are still operating as normal. Is this perhaps that the government there take an interest in what is going on?
http://www.xl.com/
Hardly think so the goverment are scum
Posted by: The thinking alternative, City centre on 4:44am Sat 13 Sep 08
As a taxpayer, I'm afraid I don't want my cash used to bolster nonviable companies. Let's not blame the government for a private company going bankrupt because it never had a robust buisness model. I wish people would stop sitting on their backsides and expecting the Government to bail them out and support them. This 'everything for nothing', 'It's everyone elses fault' culture is the scourge of modern Britian.
As a taxpayer, I'm afraid I don't want my cash used to bolster nonviable companies. Let's not blame the government for a private company going bankrupt because it never had a robust buisness model. I wish people would stop sitting on their backsides and expecting the Government to bail them out and support them. This 'everything for nothing', 'It's everyone elses fault' culture is the scourge of modern Britian.
Posted by: trench, possilpark on 5:12am Sun 14 Sep 08
follow the boys scout motto.....'be prepared,' that is for all scenarios and for large corporate companies,... not to have a contingency plan on hand puzzles me, is there no dependable head of companies available anymore? makes people wonder,... a good motto for these chancers (and every one knows it by heart nowadays is).... 'i am not to blame, i am chairman of the board'.snigger!
follow the boys scout motto.....'be prepared,' that is for all scenarios and for large corporate companies,... not to have a contingency plan on hand puzzles me, is there no dependable head of companies available anymore? makes people wonder,... a good motto for these chancers (and every one knows it by heart nowadays is).... 'i am not to blame, i am chairman of the board'.snigger!
Posted by: SPAMALOT, southside on 4:22pm Sun 14 Sep 08
[quote][bold]The thinking alternative[/bold] wrote:
As a taxpayer, I'm afraid I don't want my cash used to bolster nonviable companies. Let's not blame the government for a private company going bankrupt because it never had a robust buisness model. I wish people would stop sitting on their backsides and expecting the Government to bail them out and support them. This 'everything for nothing', 'It's everyone elses fault' culture is the scourge of modern Britian.[/quote] What are you on about did the government not just bail out a private bank recently????????Did the bank not have a robust buisness model.
The thinking alternative wrote:
As a taxpayer, I'm afraid I don't want my cash used to bolster nonviable companies. Let's not blame the government for a private company going bankrupt because it never had a robust buisness model. I wish people would stop sitting on their backsides and expecting the Government to bail them out and support them. This 'everything for nothing', 'It's everyone elses fault' culture is the scourge of modern Britian.
What are you on about did the government not just bail out a private bank recently????????Did the bank not have a robust buisness model.
Posted by: The thinking alternative, City centre on 6:51am Mon 15 Sep 08
[bold]SPAMALOT wrote:[/bold] [quote]What are you on about did the government not just bail out a private bank recently????????Did the bank not have a robust buisness model.[/quote]
You clearly are refering to Northern Rock. The Government (ie taxpayer) rescue package was an absolute disgrace because it did have a seriously flawed buisness model which came back and bit its arse. Anyway, you (and I) digress.
SPAMALOT wrote: What are you on about did the government not just bail out a private bank recently????????Did the bank not have a robust buisness model.
You clearly are refering to Northern Rock. The Government (ie taxpayer) rescue package was an absolute disgrace because it did have a seriously flawed buisness model which came back and bit its arse. Anyway, you (and I) digress.
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