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Backers unable to keep flight simulation firm in the air
From today's NZ Herald
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I had worked for these guys a few years ago, and I can't say I'm surprised.
There was infighting back then in the upper management. Russell was not a very nice person. |
I hope the franchisees remain vianble, they just got a great plug on a repeat of Getaway
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Geez, I work in the Melbourne store and we are booked solid on weekends all the way to Christmas! Weekday slots need to be booked at least 2 weeks in advance! Opening hours had to be extended in Oct/Nov to accommodate for bookings... No signs of slowing down here in Melbourne!
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Considering the money invested in manufacturing and the very low sales of the units its no surprise the manufacturing/sales master franchiser went under.
I remember the numbers way back, the cost of buying vs the revenue/profit from the store operation and it took a very long time to get a return on investment. So long it was better to put your money in the bank. Some of the stores never met the budget set to be profitable on a day to day basis. |
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Alex How is this going to impact from a support / spares pespective?
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I have heard a new group of backers are considering taking over the company.
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