KARMA IN ACTION: HALIS DIN ARRESTED
As I have just informed, MERKUR HOLDING co-owner Halis Din was arrested yesterday at his home. Halis was sent to prison after a court hearing.
Turkish portal AIRPORTHABER does not report the charges that put Halis Din behind bars. However, according to my source, he was charged with several charges at once, including death threats (how familiar this is to me), illegal gambling, and debt problems (where can he go without them).
If you want to know if I feel avenged for all the trumped up charges he made against me, knowing full well they were lies (he admitted this to our mutual acquaintances), and for his death threats, I'll tell you that I only partially do.
I was going to put him behind bars personally. But the lawyer in Turkey, with whom I started working, was hospitalized with a heart attack. So I haven't been able to file a statement in a month. Well, maybe my statement and the evidence against Halis Din will become an additional evidence in an already open criminal case.
First one out! The rest of you, get ready!
Over the past week, investment analysts from companies holding Avia Solutions Group (ASG) bonds have contacted me twice, asking for a more detailed explanation of the SmartLynx bankruptcy. Their biggest concern is that the same situation could repeat with other companies within the ASG holding.
The covert bankruptcy—legally framed as a “restructuring”—of SIA SmartLynx Airlines (Latvia), along with the highly probable collapse of SmartLynx Malta and SmartLynx Estonia in the near future, has become more than just a landmark event for the aviation market. Its consequences may amount to a full-fledged default tsunami, triggering a cascade of multimillion-euro non-payments across the industry.
Every time I fly to Dubai for exhibitions, I witness the same scene outside the hotels. A Bugatti or Lamborghini pulls up to the entrance, the chauffeur steps out, and hands the wheel to someone walking out of the lobby. It looks predictable — after all, Dubai is exactly the place where many people dream of cruising down Sheikh Zayed Road in a hypercar, showing off status and wealth.
BLACKLIST.AERO is publishing a full list of creditors of SIA SmartLynx Airlines (Latvia). We got it from several sources at once. This list was sent to all creditors by the airline itself along with an official letter informing that SmartLynx started the creditor protection procedure.
