The request of investigation of bankropt of Blue Planet Skyways

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1

This morning I found that my game on the server Riem become bankrupt without any visible reasons.

I had holding Blue Planet Skyways with subsidiary airlines company ANGELES Airways based at Los Angeles /LAX/.

Yesterday ,the value of “ANGELES Airways” was more then 955 million dollars , weekly profit +49 million dollars , rating AAA , load factor around 90 % .

7-8 weeks ago , ANGELES Airways bought the control packages of shares of airline American Interconti / 93%/ for 15,5 million dollars . This airline used to be in poor financial condition . As new owner , I expect to invest some money to this business to change fleet , to chane route map and to return “American interconti” to profit.

Big surprise was : being the owner of new airline , you can do nothing with this. The game don’t give you any one chance to invest money , even to buy aircraft from them . Generally , you have not the control over financial situation of your subsidiary business . I’d try to sell them own aircraft on the market . Game WIKI said :

Aircraft sale

300px-Tut_fg_flugzeugvk.png

Aircraft Sale

This page is made of three parts. Similar to Leasing, the upper two sections are related to selling an aircraft. It is only possible to sell if you meet the required criteria: (a) you are the owner of the aircraft and ( B) aircraft has no scheduled flights. Similarly, one can also choose whether the sales contract is pre-signed or not.

If the aircraft is not sold in 14 days, AS will buy the plane from you. It is important to mention, that the aircraft listed for sale do not count towards maintenance categories (see maintenance)

…It past two and half weeks - the aircraft was not sold. The support ticket #7535 still be without answer after 12 days.

Some details: you can not make the offer for lease them aircarft at all , you can not sell aircraft lower then 80% then market price …

This way , the owner can not have any responsibility In case of the owner company can not financially controlling the subsidiary . And , in case of bankruptcy of this airline ANGELES Airways just have to loose money that have been spent for shares. Right?

Id gave up 15,5 million dollars for American Interconti and I’d open new daughter’s airline “ZIP Skyliner” with base at Anchorage . This airline had 6 own aircrafts ( transfered from ANGELES Airways) and cash A$7050000 with estimated profit 200000 first week after two days flights.

Looks like American Interconti fail to bankrupt last night . Question is : Why ANGELES Airways , ZIP Skyliner and all holding turn to bankrupt ? ANGELES Airways had enough money to pay all bills of his subsidiary but the rules of game do not giving any right to do it that it is too far from real model of business world . I am sure all what happens on the field of this game is not right at all and I request to investigate it and to return the holding back to game.

You guys has ruin my game that took my time and money for 9 month since this game is started…

2

I believe you were liquidated because of insolvency.

Checking some things and more conclusions will follow soon.

Edit:

I am now more than certain you were liquidated because Blue Planet could not pay its week end closing

1) Your airline was set up March 6, 2015 at 14:03 UTC

March 6 was Friday.

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2) Your airline was liquidated today, states that the reason was insolvency of the holding.

Today, November 20, is also Friday

If you look at LAX airport information page, your holding was liquidated at exactly 14:03 UTC, same time as when it was established

This information also indicated it was liquidated at anniversary of holding's incorporation, which indicates the holding had no money to pay for wages

iSm5mVA.png

3) Now I you will say you did not have any employees, but most likely when you transferred aircraft, one or all of them hit your holding and stayed there long enough to generate employees (fleet management and administration), or you went into personnel management tab, etc.

In any case, there is a strong indication the liquidation was because of insolvency, and the insolvency of holding that does not operate any flights is either

a ) Inability to pay wages

b ) Inability to pay loan or interest

Any of the two above listed obligations will close you down. Your holding will go, and with it, all of its subsidiaries.

The liquidation occurying at exactly the same time (hour and minute) of your holding's historical incorporation time, strongly suggests a liquidation because of inability to pay wages during week-end closing.

In some cases, airline get rescue loan to pay for wages at week end closing, but that is not certain they will. If they operate flights they might, but non-operating airlines (no flights, etc.) usually do not.

I am really sorry that this happened to you. I know how you feel, over a year ago I accidentally deleted my airline by decativating a server it was on (I thought I was decativating a different server to which I logged on to check something for a player on a that server where I was not playing at).

For you and all otheres there is a lesson to take - 1) don't park your aircraft at a holding, create a specialized sub for that very reason; and 2) have couple of millions in a holding's bank account ... actually, regularly transfer all the money from operating airline to a holding if you can.

3

Why you dont have this recommendations in your rules of game . How to transfer money to holding from operating company ? I did not see this ability... Why this crazy things could ruin all game and you do not willing to return game back . It is clear that it is some sudden mistake that gamer never could see because i did not hired any one person to Blue Planet?? What about customer satisfaction ? .

4

My friend, even though I am a bearer of bad news, I am just a player like you …

Don’t shoot the messenger.

Btw most things in AirlineSim are Live and Learn. I also learned most of the things myself, by experiment, by observation, by reading the forums.

1 Like
5

The wiki is seriously outdated.

I am sorry for you losing your airline, but with a loss of 49 million it is pretty obvious.

6

I think he was saying his sub had a weekly profit of 49 million, not a loss of 49 million. Anyway the problem here was not his sub or stock he bought, but rather insolvency of the holding itself.

7

This problem is the problem of simulator and it team . Now , what happens with the holding looks simular as the airplane crashed because somebody fogot to close a door of restroom.

This simulator have to be changed seriously , not make-up renovations that not really making games clear. I playing here for more then 6 years… , I had try to take them attention of maintenance system 5 years ago - ignored by them. WIKI does not help at all if you need to figure out some details.

The team of this simulator have to understand that every player paying for them project expecting the game by rules closest to real business world. I have to be able to invest money to poor company or managе them fleet in full if I get control of this airline , even to close business of this airline if I want. I have to know when new staff is hired to my airline , at least it have to be noticed by the game.

8

The game is crashed just because the simulator has generate staff automatically, without notice , without warning. Is it normal end of 9 month running sub airline with final profit 49 million dollars per week? What next unexpected accedent could creat this somulator?

9

Let's just wait what somebody from AS tells you in the morning ...

10

Silly point if rubiohiguey turns out to be correct, does the system not generate IGMs when the emergency loan is granted?

11

I never do anything with my holding. I keep it without expenses to be sure nothing happens.

12

Don't bash the realism. In the real world, if you own a holding - and you hire employee's, you have to pay them wage.

But if you don’t earn anything in your holding, then you cant pay.

Then you will go bankrupt. This is just as real as it gets.

There’s only one to blame, since a holding will recieve at least 2 messages, telling you that a rescue loan has been granted.

I am sorry for your loss, but you cannot blame AS. I have tried stuff like that, as have Rubio. It happens to everyone once in a while - and then you learn from it :slight_smile:

13

.....  telling you that a rescue loan has been granted.

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IMHO there is no guarantee that a rescue loan will be granted.

14

.....  telling you that a rescue loan has been granted.

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IMHO there is no guarantee that a rescue loan will be granted.

I have never heard of a bankruptcy without a rescue loan being granted twice. And it has happened to me a few times, the last 3-4 years. But of course, I cannot say it dosen't happen. Just never heard of it :-)

15

Did you run out of credits?

16

.....  telling you that a rescue loan has been granted.

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IMHO there is no guarantee that a rescue loan will be granted.

A rescue loan always happens the first week which you can not pay your staff but it won't happen 2 times in a row.

17

So some facts:

  • there were no rescue loans in this case as per history messages on Riem

  • rescue loans can be granted up to two times in a row

  • after being granted the 2nd rescue loan you need several profitable weeks, else if you cannot pay you will be granted only one rescue loan e.g.

pay loan loan pay loan liquidation

but:

Pay loan loan pay pay pay pay pay pay loan loan

18

Maybe this link helps a little bit:

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http://community.airlinesim.aero/topic/7161-rescue-loan/?hl=%2Brescue+%2Bloan

Reply from SK (#2)

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Keywords "rescue loan" or in german "Rettungskredit".

19

In any casse, regardless of when and where you get rescue loan and under which conditions, the fact is, there was no rescue loan in this case.

I suspect there was no rescue loan it was because there were no flights operated, no aircraft leased, zero cash in bank, etc.

It was just booom.... liquidation.

Now, this is very unfortunate for the player, because:

- Most likely he was not aware he can generate staff (if he had automatic pilot hiring turned on, or even if he didn't, the fleet management staff would be hired at week end closing if he left an aircraft in the fleet, or it would be hired on the spot after going to Personnel Management even beforr week end closing).

- Most likely he was not aware he had any staff whatsoever

- Most likely he had no money in the bank account

- Most likely he did not know how to transfer money to the holding anyway, as per his post

I did not know any of this myself when I started, and I learned by experimenting. Of course it's a different thing experimenting witha  subsidiary destinade for just that, where you can even affor to lose the starting capital of 3 MM, and it's a completely different thing to lose a holding with everything, because of such sill overlooked error.

20

In any casse, regardless of when and where you get rescue loan and under which conditions, the fact is, there was no rescue loan in this case.

I suspect there was no rescue loan it was because there were no flights operated, no aircraft leased, zero cash in bank, etc.

It was just booom.... liquidation.

Now, this is very unfortunate for the player, because:

- Most likely he was not aware he can generate staff (if he had automatic pilot hiring turned on, or even if he didn't, the fleet management staff would be hired at week end closing if he left an aircraft in the fleet, or it would be hired on the spot after going to Personnel Management even beforr week end closing).

- Most likely he was not aware he had any staff whatsoever

- Most likely he had no money in the bank account

- Most likely he did not know how to transfer money to the holding anyway, as per his post

I did not know any of this myself when I started, and I learned by experimenting. Of course it's a different thing experimenting witha  subsidiary destinade for just that, where you can even affor to lose the starting capital of 3 MM, and it's a completely different thing to lose a holding with everything, because of such sill overlooked error.

That is the reason why you should always at least keep 10 million in the bank of a holding company. You never know when you make mistakes.