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Grant Thornton assists in the restructuring of The Jersey Aero Club

8 April 2021

The Jersey Aero Club has just completed a successful restructuring of its assets and now faces a promising future. The restructuring has been assisted by Grant Thornton’s Restructuring team, led by Alan Roberts.

The Aero Club’s newly formed Committee has established strong procedures to re-develop the Club’s governance, activities, and facilities. Despite facing difficult times and the cessation of flight training during the past year, the Club's members have been very supportive, and membership numbers have remained buoyant.

Like many businesses, clubs, and societies, the COVID pandemic hit the Aero Club hard. In May 2020, it had no other choice but to shut its operations. A subsidiary company that operated flight training and managed general aviation operations and the bar and café provision became insolvent and were wound up.

Alan Roberts, Director of Recovery and Reorganisation at Grant Thornton, who led the Club's restructuring, said, "There has been a rise in closing some local businesses or reducing their activities due to the economic effect of COVID. The Aero Club remained resolute in its focus on recovering and regaining its financial stability. My team and I are very pleased to have supported the Club in this successful restructuring."

Now, In its 70th Anniversary year, The Jersey Aero Club is once again financially sound, it has re-opened its doors and has a strong and positive vision for its future.

Grant Thornton assists in the restructuring of The Jersey Aero Club

8 April 2021

The Jersey Aero Club has just completed a successful restructuring of its assets and now faces a promising future. The restructuring has been assisted by Grant Thornton’s Restructuring team, led by Alan Roberts.

The Aero Club’s newly formed Committee has established strong procedures to re-develop the Club’s governance, activities, and facilities. Despite facing difficult times and the cessation of flight training during the past year, the Club's members have been very supportive, and membership numbers have remained buoyant.

Like many businesses, clubs, and societies, the COVID pandemic hit the Aero Club hard. In May 2020, it had no other choice but to shut its operations. A subsidiary company that operated flight training and managed general aviation operations and the bar and café provision became insolvent and were wound up.

Alan Roberts, Director of Recovery and Reorganisation at Grant Thornton, who led the Club's restructuring, said, "There has been a rise in closing some local businesses or reducing their activities due to the economic effect of COVID. The Aero Club remained resolute in its focus on recovering and regaining its financial stability. My team and I are very pleased to have supported the Club in this successful restructuring."

Now, In its 70th Anniversary year, The Jersey Aero Club is once again financially sound, it has re-opened its doors and has a strong and positive vision for its future.

Grant Thornton assists in the restructuring of The Jersey Aero Club

8 April 2021

The Jersey Aero Club has just completed a successful restructuring of its assets and now faces a promising future. The restructuring has been assisted by Grant Thornton’s Restructuring team, led by Alan Roberts.

The Aero Club’s newly formed Committee has established strong procedures to re-develop the Club’s governance, activities, and facilities. Despite facing difficult times and the cessation of flight training during the past year, the Club's members have been very supportive, and membership numbers have remained buoyant.

Like many businesses, clubs, and societies, the COVID pandemic hit the Aero Club hard. In May 2020, it had no other choice but to shut its operations. A subsidiary company that operated flight training and managed general aviation operations and the bar and café provision became insolvent and were wound up.

Alan Roberts, Director of Recovery and Reorganisation at Grant Thornton, who led the Club's restructuring, said, "There has been a rise in closing some local businesses or reducing their activities due to the economic effect of COVID. The Aero Club remained resolute in its focus on recovering and regaining its financial stability. My team and I are very pleased to have supported the Club in this successful restructuring."

Now, In its 70th Anniversary year, The Jersey Aero Club is once again financially sound, it has re-opened its doors and has a strong and positive vision for its future.

Grant Thornton assists in the restructuring of The Jersey Aero Club

8 April 2021

The Jersey Aero Club has just completed a successful restructuring of its assets and now faces a promising future. The restructuring has been assisted by Grant Thornton’s Restructuring team, led by Alan Roberts.

The Aero Club’s newly formed Committee has established strong procedures to re-develop the Club’s governance, activities, and facilities. Despite facing difficult times and the cessation of flight training during the past year, the Club's members have been very supportive, and membership numbers have remained buoyant.

Like many businesses, clubs, and societies, the COVID pandemic hit the Aero Club hard. In May 2020, it had no other choice but to shut its operations. A subsidiary company that operated flight training and managed general aviation operations and the bar and café provision became insolvent and were wound up.

Alan Roberts, Director of Recovery and Reorganisation at Grant Thornton, who led the Club's restructuring, said, "There has been a rise in closing some local businesses or reducing their activities due to the economic effect of COVID. The Aero Club remained resolute in its focus on recovering and regaining its financial stability. My team and I are very pleased to have supported the Club in this successful restructuring."

Now, In its 70th Anniversary year, The Jersey Aero Club is once again financially sound, it has re-opened its doors and has a strong and positive vision for its future.

Grant Thornton Comment on Guernsey’s Insolvency Update

17 November 2020

In response to Deputy Ferbrache’s comments, Director of Recovery & Reorganisation at Grant Thornton Channel Islands, Ben Rhodes, shares his insight into what the proposed new insolvency laws could mean for the parties involved.

Read the full article

Grant Thornton Comment on Guernsey’s Insolvency Update

17 November 2020

In response to Deputy Ferbrache’s comments, Director of Recovery & Reorganisation at Grant Thornton Channel Islands, Ben Rhodes, shares his insight into what the proposed new insolvency laws could mean for the parties involved.

Read the full article

Grant Thornton Comment on Guernsey’s Insolvency Update

17 November 2020

In response to Deputy Ferbrache’s comments, Director of Recovery & Reorganisation at Grant Thornton Channel Islands, Ben Rhodes, shares his insight into what the proposed new insolvency laws could mean for the parties involved.

Read the full article

Grant Thornton Comment on Guernsey’s Insolvency Update

17 November 2020

In response to Deputy Ferbrache’s comments, Director of Recovery & Reorganisation at Grant Thornton Channel Islands, Ben Rhodes, shares his insight into what the proposed new insolvency laws could mean for the parties involved.

Read the full article

Grant Thornton Comment on Guernsey’s Insolvency Update

17 November 2020

In response to Deputy Ferbrache’s comments, Director of Recovery & Reorganisation at Grant Thornton Channel Islands, Ben Rhodes, shares his insight into what the proposed new insolvency laws could mean for the parties involved.

Read the full article