Search Results for 'Examinership'
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On Wednesday afternoon The High Court appointed Simon Coyle of Mazars as the interim examiner to Staunton Sports (trading as Elverys). Elverys has its headquarters in Castlebar and has 55 stores across Ireland and employs 650 people. The appointment of the interim receiver came on foot of a petition by NAMA. There had been much speculation on the future of the company after news broke late last week of plans for the company to be placed into receivership, before being acquired by the company’s management with the backing of investors in a pre-pack receivership.
Fifteen members of staff in the Athlone Towncentre branch of Monsoon Accessorize are now fearful for their future with the news that the company is to seek High Court protection next week so it might continue trading as a going concern.
Retail Excellence Ireland has welcomed Minister Richard Bruton’s plan to allow small companies apply to the Circuit Court to restructure debts.
The decision late last evening in the High Court to approve a plan for the survival of Aer Arann is one that is to be welcomed warmly in the west and indeed in all of the remote locations that it serves along the western seaboard of this country.
There seems to be light at the end of the tunnel for Aer Arann as UK logistics group Stobart announced it will be investing €2.5 million for the airline to operate flights to London Southend Airport.
The news that came out of the High Court yesterday afternoon that there is a reasonable chance of Aer Arann surviving is one that should be welcomed most especially here in the west. Our local airport is dependent on Aer Arann for giving us the type of connectivity to the major UK and Irish cities that a major city like Galway needs.
Aer Arann has a “reasonable prospect of survival” and could return to profitability by next year, the High Court was told at a hearing held yesterday (Wednesday) to determine the airline’s examinership status.
It will be business as usual, for the time being, at Galway Airport while embattled regional airline Aer Arann, which recently applied for voluntary examinership, attempts to implement a survival plan, according to airport management.
A modified survival scheme for two companies in Galway businessman John Sweeney's Black Shore group may resolve Anglo Irish Bank's concerns about the scheme, the High Court heard today (Wed).