Sunday, 11 October 2009

Cumulus in administration

Apparently the current downturn has resulted in the loss of 30,000 jobs from Wichita (pretty much the home of US General Aviation manufacturing).

UK failures and losses have so far been small by comparison, but Cumulus was added to that list on Friday when the company went into administration (owing me about £1,000).

The company operated a number of Cirrus aircraft that were based at various UK locations; pilots paid a deposit and a fixed monthly amount to fly a predetermined number of hours a year. The numbers always looked a little on the marginal side, and I guess that with harder times they went from just the right side of the line to somewhere way below the line.

As with Air Touring, it'll be interesting to see the list of casualties. Cumulus was a relatively small company, so hopefully their failure won't directly lead to others.

Just in case you need the details, the administrators are:

Portland Business & Financial Solutions
1640 Parkway, Solent Business Park
Whiteley, Fareham
Hampshire
PO15 7AH
stewart.goldsmith@portbfs.co.uk