Statement with regard to Astraeus Airlines Limited and R E Bath Travel Services (Palmair) Limited.
A spokesman for Astraeus Airlines Limited, said: “It is with enormous regret that Astraeus Airlines does indeed confirm the repossession one of our Boeing 737 aircraft from R E Bath Travel Services (Palmair) Limited, which had been based in Bournemouth. Efforts were made to negotiate a return of the aircraft, but these were not concluded and unfortunately, R E Bath Travel Services (Palmair) Limited was unable to honour its contractual obligations.
“Given the scale of the debt, plus the length of contract which will not now be honoured by R E Bath Travel Services (Palmair) Limited - the contract was due to run until April 2012 - we have reluctantly resorted to taking this action.
“Despite the difficulties being experienced by R E Bath Travel Services (Palmair) Limited, for which we have great sympathy, we remain hopeful that R E Bath Travel Services (Palmair) Limited or Bath Travel (its associate company) is in a position to settle the issue.”
