IS IT FAIR TO PROSECUTE OTHER COMPANIES OF THE DEFAULTER? OUR OPINION: YES!
We often encounter situations where a company accumulates debts and ceases its activity. But at the same time, the former owners of this company are opening under a new sign and continue the same song, only in a new way.
Is it fair to call for aviation market participants to stop doing business with ALL companies owned by the owner of a particular defaulting company? Below I will state the reasons why we consider it necessary.
When a particular Claimant submits a case to the BLACKLIST.AERO Registry, our team begins to study the defaulting company and collect information from various sources. And very often we are faced with the fact that although a particular company has ceased active operations (declaring or not declaring bankruptcy), its activities continue under a new sign. And the staff migrates from one company to another in whole teams.
Thus, formally, the new company has nothing to do with the debts of the old one. That allows the same people (often they hide behind fictitious top managers) to continue unscrupulous activities. If a creditor sues the old company that has accumulated debts to him, then he is simply forced to spend money and time on a process that can rarely end in debt recovery. By the time of the trial in court, the debtor company has no property, all working capital has been withdrawn.
The only way to achieve justice is to completely block the activities of specific people who breed companies year after year to receive fraudulent profits.
Legal procedures can help achieve such a result in only 5% of cases. To do this, the creditor needs to spend a huge amount of money and several years of litigation in an attempt to prove what everyone already knows. As a rule, the result financially does not justify the effort expended.
So, we have a situation where everyone knows everything about everything, but no one supposedly “can do anything”. If this is not a lie, then it is a self-deception. Let's just think - why has this practice become ubiquitous in the aviation market? Our answer: because other market participants allow scammers to operate in this way. Deliberately or out of ignorance and unwillingness to dig deeper - it happens in different ways.
There is a way out of this situation - self-regulation of the aviation market. Market participants should stop saying every time “Hello again!” to the old crooks. Because if non-payers see that other market participants are ready to deal with them “from scratch”, thus leaving the victim companies alone with their problems, then this motivates such scammers to do their dirty deeds again and again.
We at BLACKLIST.AERO are confident that all participants in the aviation market bear their share of responsibility for the current situation with non-payments. Only the professional solidarity of market participants can change the flow of non-payments. Namely, refusal to cooperate with any companies related to specific non-payers.
Only the realization by the owners of the defaulting company of the fact that their actions threaten their entire business, that the aviation community will simply throw them out of the market, will become a significant factor of pressure on them.
Do not wait for manna from heaven and complain about the lack of certain regulations! The mechanism for solving the problem of non-payments is in our hands!
The case of the company BAZE RESEARCH AND DATA SERVICES from Nigeria began quite ordinary. Everything indicated that another crook wanted to “leave the restaurant without paying the bill.” Even the fact that this crook turned out to be a fairly well-known businessman and politician in Nigeria Yusuf Datti Baba-Ahmed did not play any role - our registry is full of such high-ranking defaulters or outright scammers. For some reason, they believe that their financial situation and high social status in their own countries should somehow faze us and make us shut up. But, as you know, all this “mumbo jumbo” does not bother us at all.
Tonight, an aircraft IL-76TD with reg. number RA-76370 of ABAKAN AIR (PUMV FZE) arrived from Uganda to OMDW/Dubai Al Maktoum Airport. This company is a defaulter, against which a case has been created in the Global Aviation Register of Defaulter companies BLACKLIST.AERO. Claim amount is USD 1,037,841.60
For almost a year now, the BLACKLIST.AERO administration has had information about a significant part of Abdullah Al-Sayed’s assets, which he acquired with the money stolen from NEXUS FLIGHT OPERATIONS creditors. However, the information we obtained was kept away from the public. Instead of making it public, we decided to pass on all the information we had to the trustee Jumana Majdi Qutub in Saudi Arabia, who is searching for NEXUS assets for subsequent compensation of losses to the creditors of this company.
Can one company become a 39-Cases Defaulter? As the situation with the Nigerian operator ARIK AIR shows - it can if lawlessness is carried out and patronized at the state level.
