Gill Airways comeback??

Profile picture for user PlymouthCity

Member for

14 years 10 months

Posts: 206

I saw on airliners.net that Gill Airways could be restarting!

Here is link:
http://www.airliners.net/discussions/general_aviation/read.main/2507356/

Is there any truth in this??

Original post

Member for

15 years 2 months

Posts: 457

Sorry, but it's a fake thread ;)

Profile picture for user andrewm

Member for

20 years 1 month

Posts: 4,213

I could be considered a sort of expert on this particular company kinda!

Gill Airways Name is owned by PriceWaterhouseCoopers (the appointed recievers). Gill Airways, when was wound up on 20th Sep, owed thousands of pounds and the recievers were unable to get enough money from selling assets to pay all companies who were owed by Gill Airways.

The only way PriceWaterhouseCoopers are willing to sell the name Gill Airways etc was if the new owners would take over all outstanding debts of the old company.

These were significantly reduced once assets were sold but still large enough to put investors off.

Pity as the North East would have supported its comeback given they are very loyal for the most part. They would need to restructure as a loco carrier serving niche markets maybe reopening their successfull routes to the likes of Gotenburg etc.

AF partnership again would have been a major coo.

Member for

15 years 2 months

Posts: 457

Gill Airways Name is owned by PriceWaterhouseCoopers (the appointed recievers).

You'd be surpised to know that the Bank of Scotland were involved then? ;)
Profile picture for user andrewm

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20 years 1 month

Posts: 4,213

The Bank of Scotland were the original bank of Gill Airways. PriceWaterhouseCoopers were the appointed recievers by a local Court when Gill Airways went Bankrupt on the 20th.

It was because the Bank of Scotland removed finanical funding (i.e. they removed all loans etc to the company) that Gill Airways went bankrupt as they had to repay all loans and monies owed immediatly.

Profile picture for user lukeylad

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14 years 3 months

Posts: 2,561

i cant see gill starting from ncl again there hangers now used for cessnas i think

Profile picture for user andrewm

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20 years 1 month

Posts: 4,213

They wouldnt need their Hangers to restart. If they were sensible and were using AT42/72s again they could easily and much more cheaply get maintence with the likes of FLS or ATR themselves.

Gill used those hangers because of the way they started as an Air Taxi service. They used smaller planes and had maintence facilities for the smaller aircraft. They did expand as the airline changed to using Shorts 360s and ATRs to be able to handle them but on no big scale.

Member for

14 years 9 months

Posts: 56

I think Eastern Airways have made the most of Gill disappearing, taking a lot of their business in the North East. Plus, Gill had a partnership with Air France, which wouldn't exist any more.

I think it'd be tough for them to restart, unless they tried the lo-co route. I'd love to see it though - I do miss that airline.

Matt