What's the latest news about Exel ?

Humberside · Post by **Humberside** » 31 Jan 2005, 21:55

Whats the latest with Exel. Have heard about cancelled flights and possible bankruptcy

snowbird · Post by **snowbird** » 31 Jan 2005, 22:26

Latest of Exel aviation group:

Big trouble.
Erik de Vlieger announced that the Exel group is on the edge of bankruptcy. SInce he was arrested lat week, exel must pay everything in advance on a cash base.
All debtors are looking for legal ways to get their money from the exel group.
The CEO who started three weeks ago already resigned (this morning after a public statement of erik de vlieger about the financial situation). He did not agree with erik.
Rumours are now that de the former ceo of exel mr H prins now is again a prime candidate to run the exel group.

Mr Prins also informed the press that the KLM caused the financial problems of the exel group (newspaper and television).

For belgium it means that the future of Belgium Exel is very unsure.

Look at www.airwork.nl for more info

dre · Post by **dre** » 31 Jan 2005, 22:56

correct Snowbird

Gate-A1 · Post by **Gate-A1** » 01 Feb 2005, 10:12

I don't thing (but it's my mind) that's not KLM the only cause of Exel's financials problems

AlsaceExel and LoireExel who are operated under the Exel group AOC are not reliable.

The DAGC who gives subsidies (+/-2mio€ each) to these companies for OSP (obligation de service public) said that these companies can't go bankrupt because the Exel was a strong company.

Post by **airbuske** » 01 Feb 2005, 11:47

Air Exel almost bankrupt see http://www.hln.be/hln/cch/det/art_37143.html

Related article:http://www.luchtvaartnieuws.nl/news/?ID=7193

website-info · Post by **website-info** » 01 Feb 2005, 15:38

tick tock tick tock goes the clock, watch the next 24 hours............ cant say more (yet !)

V-Bird · Post by **V-Bird** » 01 Feb 2005, 15:41

dont forget that also SAS wants his money from Exel....... i dont think they will make it......

website-info · Post by **website-info** » 01 Feb 2005, 15:48

anyone with a long haul aircraft available short notice to take over Belgium Exel start the queue here !

V-Bird · Post by **V-Bird** » 01 Feb 2005, 16:16

according to the dutch rtl z ( rtl 5 ) news from 16.00, air exel stops operations from Maastricht and Eindhoven today, all flights are taking over by KLM Cityhopper;

http://www.luchtvaartnieuws.nl/news/?ID=7200

also the rtl news mentioned that the long haul aircrafts ( 767 ) are grounded?????

Tjipke · Post by **Tjipke** » 01 Feb 2005, 16:46

All 767 of Belgium and Holland Exel are operating normal !!
Any other rumours are false !
Any how ...Belgium Exel is an NV and has no depts whatsoever and several candidates are interrested to take over Belgium Exel in case of "concordaat " accepted by the judge .
But as we don't have a magical cristal ball, we'll have to be patient and wait for more news the coming days !

P.S: Thomas Coock Belgium needs us to bring his clients to Cuba, Dominican, Mexico and Kenia

There is no alternative so far.

LX-LGX · Post by **LX-LGX** » 01 Feb 2005, 17:14

With all respect for Air Exel: they only operate 1 x Embraer 145, from Eindhoven.

flyexel · Post by **flyexel** » 01 Feb 2005, 18:12

Euh I doubt if there are really candidates to take over BelgiumExel....Investers should be really stupid to take over a company without AOC!! And I also doubt they will get one very soon....

Dude320 · Post by **Dude320** » 01 Feb 2005, 18:32

Plse note :

Belgium Exel doesn t have a Belgian AOC !!

And also note that IF it would be like that... that TCW has a back-up...

Rgds,

Tjipke · Post by **Tjipke** » 01 Feb 2005, 18:40

The AOC of Belgium Exel is ready for 90 % and approved !!!!
And who doesn't say they can operate with the AOC of another carrier, maybe Thomas Coock ???
Any how, wait and see

And like I said before....Belgium Exel has no debts and falls under Belgian juridiction. We'll have to be patient and will know more the coming days.

Greetz

janhuub · Post by **janhuub** » 01 Feb 2005, 19:35

For how long has the AOC of belgian exel been 90% ready?

Wait and see, you're right about that

Jan

sab319 · Post by **sab319** » 01 Feb 2005, 19:41

well the rumours that exel would be go bankrupt are circulating for a loong time already, they are still around...

Dude320 · Post by **Dude320** » 01 Feb 2005, 19:52

I must totally agree with what Janhuub mentioned :

Wait and see... !!

Give them max 24 to 48 hrs...

See who will be right at the end (rumours / trutj !!)

Rgds,

PS hold him tight

beaucaire · Post by **beaucaire** » 01 Feb 2005, 19:57

In France all activities of the local Exel-companies have stopped !!!!
Strasbourg-AMS is cancelled,Loire-Exel is finished...
It would be wishful thinking to believe de Vlieger has any sound company - the whole holding-structure stinks from top to bottom....
It's all a huge money-laundry...
Some people need a little longer to wake up...

Dude320 · Post by **Dude320** » 01 Feb 2005, 20:03

I wouldn t be surprised if all this aviation adventure collapse !!