AirFastTickets von IATA suspendiert

[Hauptmann Fuchs]

ANZEIGE

Also ich finde XT 5,99 einen der wichtigsten Nutzer hier. Auch wenn ich ihm hier nicht zustimme zeichnet er sich durch eine deutlichhöhere geistige Gesundheit was das Verständnis von Luftfahrt und realen Preisen angeht aus als die meisten anderen.

Ja, schon in Januar 2014 hat er sein Einsicht gezeigt:

genausdeshalb muss man die so ficken wie die uns ficken

Ein wichtiger Tag, den 5.1.2014!

 

[jodost]

Für ein https Zertifikat hat das ganze wohl noch nicht gereicht....

Gutes Zeichen ... Vielleicht erfolgt der Neustart mit der gleichen bewährten IT-Mannschaft

 

[Fliegernase]

Wurde das schon einmal gepostet hier im Thread?

http://bankrupt.com/misc/nysb15-11951-184.pdf

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

AIRFASTTICKETS, INC.,
Debtor.

Das ist richtig starker Tobak! Interessant wird es in der PDF ab Seite 22.

Ein paar Auszüge (viel Text, aber anders versteht man die Zusammenhänge nicht, ohne in die PDF zu schauen):

At the time the IATA accreditation and license agreements were revoked and
terminated, Airfasttickets or its Subsidiaries owed over $70 million to over 400 airlines and the
Debtor owed approximately $38.5 million to its various creditors and vendors.

After IATA revoked Airfasttickets’ accreditation and license agreements, Airfasttickets
attempted to stay in business by purchasing airline tickets through affiliated third-party ticket
consolidators, rather than directly through the airlines. Generally, ticket consolidators purchase
tickets directly from the airlines at specially negotiated rates and then resell the tickets to
customers for less than published fares; the Debtor and/or Subsidiaries attempted to purchase
from the consolidators at these discounted rates and sell to customers for a profit. Some or all of
the ticket consolidators and other service providers or marketing companies used by
Airfasttickets, including, without limitation, Worldwide Internet Services Limited, Lockdrive
Limited, London Travel & Tours Limited, Amphion Efthymia Ltd., Travelport LP, and
Worldspan (collectively, “Ticket Consolidators”), were managed by, among others, Mr.
Koklonis, or Mr. Koklonis maintained ownership or significant financial interest in some or all
of the Ticket Consolidators.

After June 2014, it was alleged by Mr. Koklonis that due to the delay in payment by
certain consolidators, the Debtor was suffering from severe liquidity issues and did not have
sufficient funds to pay its employees or continue operations.
From October 2014 through January 2015, Jason Chen and certain other investors
(“Bridge Loan Investors”) entered into a series of agreements with the Debtor for a purportedly
secured loan (the “Bridge Loan”). Under the Bridge Loan, the investors loaned the Debtor $15
million between October 2014 and June 2015, allegedly secured solely by the Debtor’s
receivables.

As a condition for the Bridge Loan, the Debtor and Mr. Koklonis agreed that the Debtor
would have a three-member Board of Directors, and that both Mr. Chen and his wife, Lisa Chen,
would be appointed as two of the three directors of on the Board of Directors. On December 15,
2014, the Chens were appointed to the Board of Directors by written consent of Mr. Koklonis,
the sole director at the time. Mr. Chen was also appointed as the Chief Executive Officer.

When the receivable payment was not made by the due date, Edgar D. Park, the collateral
agent under the Bridge Loan, insisted on speaking directly to the consolidators. Mr. Koklonis
provided Mr. Park with the contact information for the consolidators which, it was later learned,
was fabricated. Despite Mr. Park’s efforts to contact the consolidators, the receivables were
never paid. At this time, GlassRatner conducted additional diligence on the Debtor’s accounting
processes.

In addition, in April 2015, Mr. Koklonis represented to Mr. Chen that the Debtor needed
to pay a critical vendor named Amphion Efthymia Ltd. (“Amphion”) to avoid serious business
disruption. After discussions between Mr. Chen and a purported representative of Amphion, Mr.
Chen caused the Debtor to wire $400,000 to the Debtor’s Greek subsidiary to pay Amphion.
In late May and early June 2015, the Debtor’s Board of Directors, certain managers,
restructuring legal, and financial advisors met to discuss alternatives to help the Debtor recover
from its severe insolvency, including a possible restructuring or bankruptcy. While those
discussions were underway a game changing event occurred: on June 4, 2015, the Debtor’s Chief
Technology Officer/Head of IT informed Mr. Chen that Mr. Koklonis had been perpetrating a
fraud on the investors that continues to be investigated.
The alleged fraud is that Mr. Koklonis allegedly created fake receivables, contacts and
communications to trick investors into loaning the Debtor money and thwart an investigation,
and then created at least one fake vendor to siphon the money that the Debtor received from
investors out of the Debtor and into his own pocket.

On June 6, 2015, the other two directors of the Debtor (Mr. and Mrs. Chen) gave notice
of an emergency special meeting of the Board of Directors to be held on June 7, 2015. That
same day, Mr. Koklonis purported to terminate Mr. Chen as the Chief Executive Officer, remove
Mr. Chen and Ms. Chen as directors, terminate several professionals retained by the Debtor and
cancel the emergency meeting. Notwithstanding Mr. Koklonis’ efforts, the June 7 meeting went
forward. At that meeting, among other decisions, the Board of Directors approved emergency
resolutions (a) to the extent Mr. Koklonis was the Debtor’s CEO, to immediately remove him
from his position at the Debtor for cause, and (b) to appoint Adam Meislik, as the Debtor’s Chief
Restructuring Officer, which would place Mr. Meislik in charge of the Debtor’s operations and
authorize him to take all actions necessary to protect the Debtor’s creditors and the Debtor’s
assets (if any). Mr. Meislik did not attend the special meeting and did not accept an appointment
in light of the competing governance efforts. Mr. and Mrs. Chen also filed suit in Los Angeles to
appoint a receiver for Airfasttickets, Inc. The case was dismissed for lack of proper venue.

 

[_AndyAndy_]

Danke, ich habe mich schon gefragt, wieso der Typ bei solchen Schulden frei laufen und weiter Geschäfte machen kann. Er hat einfach US-Investoren um den Finger gewickelt und evtl. für sich persönlich was beiseite geschafft. Na, wenn die so blöd waren, auf solch eine "neuartige" Flugbuchungsmaschine reinzufallen, sind sie selber schuld.