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Post by spareapennyor2 on May 9, 2019 9:50:19 GMT
So the aircraft is grounded by Bulgarian authorities and it goes on to say its not technical with the plane would that suggest a license technicality? perhaps only covers one plane?
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blender
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Post by blender on May 9, 2019 10:47:30 GMT
I believe that the plural of aircraft is aircraft, and that the borrower must have bought two to be compliant with the borrowing proposal and the chattel mortgage, or we would have heard. Ablrate's previous note could relate to one or two aircraft, but the latest one refers to the use of one aircraft 'to make sure the aircraft is making money again as soon as possible' [my bold]. It seems that they have must have bought two aircraft, but that only one was in service - which would be understandable on start-up. The other must be somewhere else - we are not told. Anyway it is important, for lenders' security, that we know that there are two aircraft. Nothing has contradicted that, but nothing has been said about it.
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Post by ablrate on May 9, 2019 14:10:24 GMT
There are commercially sensitive aspects to this one so please keep details generic. There are two aircraft, of course, and we have our guy visiting them as the Admin Note says. We will update you via Admin Notes and will be making a full report, but speculation on a public forum does not do us any favours, especially when we are dealing with the authorities of another country! So forgive us for not making comments on here and please do keep this one private as much as possible rather than public on here.
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ptr120
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Post by ptr120 on May 28, 2019 14:13:17 GMT
Hi ablrate at the end of this week this loan will be three months in arrears. Please can we kindly have an update?
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Post by ablrate on May 28, 2019 16:19:10 GMT
Hi ablrate at the end of this week this loan will be three months in arrears. Please can we kindly have an update? working on one at the moment. Our aircraft guy has been busy and we are making progress.
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p2pmark
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Post by p2pmark on Jun 3, 2019 18:26:53 GMT
For those that haven't seen there's a new (in my view encouraging) update in the admin notes.
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Post by Ace on Jun 3, 2019 21:00:13 GMT
ablrate, I'm not impressed that I have to rely on someone else spotting an update on a loan that I am invested in and posting on a forum. Despite your recent fine words, IMO communication is an area where you have room for improvement.
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des
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Post by des on Jun 3, 2019 21:42:24 GMT
ablrate , I'm not impressed that I have to rely on someone else spotting an update on a loan that I am invested in and posting on a forum. Despite your recent fine words, IMO communication is an area where you have room for improvement. I agree, it should be simple to update all lenders in a particular loan if there is a new update for that loan, its not rocket science! You don't even need to send the whole update out, you can just say, there is a new update for loan XXXXXXX (Although in future, emailing the updates out would be preferred)
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Post by GSV3MIaC on Jun 4, 2019 7:44:41 GMT
+1 .. i'd like an emailed update, and i'd dearly like to know what the problem is .. so far we've been told what it isn't (mechanical) .. so wth IS it. Tiz our/my asset after all, if it's non functional, i'd like to know why.
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registerme
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Post by registerme on Jun 4, 2019 7:46:34 GMT
... and requested in the new GUI thread.......
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blender
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Post by blender on Jun 4, 2019 7:49:28 GMT
+1 .. i'd like an emailed update, and i'd dearly like to know what the problem is .. so far we've been told what it isn't (mechanical) .. so wth IS it. Tiz our/my asset after all, if it's non functional, i'd like to know why. If ablrate told you that, he would have to kill you.
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Post by ablrate on Jun 4, 2019 8:16:42 GMT
ablrate , I'm not impressed that I have to rely on someone else spotting an update on a loan that I am invested in and posting on a forum. Despite your recent fine words, IMO communication is an area where you have room for improvement. as we have said - there is a coding update coming that will notify all that there is an update.
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p2pmark
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Post by p2pmark on Jun 18, 2019 15:13:27 GMT
There's another update on the site. Mildly encouraging.
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Post by GSV3MIaC on Jun 18, 2019 16:10:28 GMT
Still not giving us any clue as to why this loan has stopped paying. Are the problems mechanical, legal, operational, or what? I can't believe both aircraft suddenly fell to bits, simultaneously. I can believe the Bulgarian authorities THINK they have, or that the road tax expired .. but as a lender I'd appreciate more information.
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Post by ablrate on Jun 18, 2019 16:58:32 GMT
Still not giving us any clue as to why this loan has stopped paying. Are the problems mechanical, legal, operational, or what? I can't believe both aircraft suddenly fell to bits, simultaneously. I can believe the Bulgarian authorities THINK they have, or that the road tax expired .. but as a lender I'd appreciate more information.
There are updates in the admin section. Our representative is in Bulgaria now. We will report soon, but as we have said before, while we are working through all matters we prefer to keep much of the commercials quiet so as not to compromise those negotiations. The issue was not mechanical or in relation to anything to do with the aircraft or its operation.
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