Aegean / H4U Go Bust

[Steve (redding43)]

quote:Originally posted by marytheresa

Can anyone tell me why flythomascook has depature dates for augusut dalaman to gatwick but shwoing flight as onur air atol bonded[?]

thanks

Because Onur Air haven't gone bust. Aegean / Holidays4U have gone bust, they simply leased flights from Onur Air

Steve

[Cavfan]

OMG reading all this is so sad and my heart goes out to all of you who have lost flights and as a consequence wont be going on holiday. I watched families on the news this morning at Manchester airport and felt like crying with them it must be awful. We fell victim to the Cyrpus Turkish debarcle last year and ended up paying a lot more for flights as a result - however we were refunded eventually and we were in a position to be able to do it. I totally empathise with everyone and hope you get some resolution.[:X]

[Highlander]

OK here goes nothing as they say.

Visitors to Turkey have increased in recent years, so there is clearly a demand. Turkey is outwith Euroland.

Economics depends on supply and demand. The demand is there

So, is it outwith the bounds of possibility, that someone (R. Branson ) will look at the present situation and say, hey, there maybe an opportunity for my business here and I'm going to provide the supply.

[bewva]

Maybe Ryanair may have a go?

[karen]

There is now a gap in the market to be grabbed at
 A company that has a turn over of 35million and only 18 staff can't possibly of been mananged correctly and its been widely reported that their profits for 2010 and 2011 were up, so where has all the money gone??? (maybe a high interest turkish bank account....just a thought)

Due to the down turn in the market many airlines haven't run as many flights this year so they must have plane fleets sitting idle, now is a perfect time to jump on the band wagon or opperate as an agent for onur air.
Thomas cook appear to be the first to do this so far as they are now opperating some onur air flights from manchester and gatwick. we have booked one of these flights.Costing a little bit more and we are now going from manchester and not birmingham, but hey at least i got something.

karen

[Scunner]

Not necessarily incompetence - remember FlyGlobespan failed but were owed over £36 million (reportedly far more than they actually owed) by the company who they used for processing their online card payments. Credit card companies insist on using these middle men payment processing houses for the very reason that they have to cough up when things go pear shape. You can't just set up a flight chartering company and get a chip & pin terminal and that's you accepting credit cards. I don't pretend to understand it all, or even half of it - but if it is anything like the failure of Flyglobespan, H4u may well have been a profitable business that simply couldn't get it's own money out of the company they used to process and collect your payment.

[doubletwo]

If it were that simple to fill this "gap" in the market why is it predicted another 8 will follow H4U? There is already concerns about Thomas Cook who are a very big company and yet they are not making a profit.Its easy to say that because H4U had made a profit they should not have gone bust but how much profit were they making,millions or a few thousand.I'm pretty sure that fuel and taxes have a lot to do with these companies struggling.Yes they try to pass on the increased cost to us customers but obviously something is a miss for this to happen year after year to make them go bust.Its now frightening because no matter who you are booking with you are keeping your fingers crossed that everything will be okay.

[marytheresa]

Thank you steve booking new flights back second time we have got caught the last time was cyprus Turkish  

[johntaylor49]

quote:Originally posted by Scunner

Not necessarily incompetence - remember FlyGlobespan failed but were owed over £36 million (reportedly far more than they actually owed) by the company who they used for processing their online card payments. Credit card companies insist on using these middle men payment processing houses for the very reason that they have to cough up when things go pear shape. You can't just set up a flight chartering company and get a chip & pin terminal and that's you accepting credit cards. I don't pretend to understand it all, or even half of it - but if it is anything like the failure of Flyglobespan, H4u may well have been a profitable business that simply couldn't get it's own money out of the company they used to process and collect your payment.

You are absolutely right, a few years ago I spent a very sleepless weekend waiting for Monday to collect a very large payment, we had a great turnover, and on paper very protibale, but we had a lot of debtors and creditors, if we didnt collect the money we were owed on time we would on paper owe more than we had -- and that means insolency and you cannot trade -- unless you like Prison food! Tha nk God we got the money or I would have had to stand out front with the Directors and tell over 100 people they didnt have a job any more!

It is all down to getting paid and always will be, this modern idea, (came from America I think and we all know how trustworthy American business is [!], of long payment cycles and myriad "tricks" to string payment out just mnakes a few rich and most miserable.

They could have been great at managing the Company overall, just forgot that it doesnt matter what you sell and for how much, --get paid!

about to retuire and get the hell out of the dirty bloody world of business forever -- hooray!

[atinabay]

Johntaylor49......... Sympathise with you. I'm 57, been in business for 40yrs and so so so so very tired of it.  . I was bankrupted when I was 24 because of a (now defunct) retail chain called Freezeway. ..... They never paid on time, I was too small and couldnt carry the ever increasing debt to me.
I had a great little business but my biggest customer sank me...
This may possibly be the case with H4U