The following post from a public-access online forum is self-explanatory:-

Hello All,

Firstly any opinions expressed in this post are entirely my own and do not necessarily reflect those of the Administrators, the management or other staff of FAST.

I am Paul Curtis the Operations Manager of FAST Helicopters, and can confirm that the company went into Administration on Tuesday 24th January, Price Waterhouse Cooper have been appointed as Joint Administrators at the request of HSBC.

There are very mixed emotions at FAST at the moment, as anyone familiar with recent history will no doubt appreciate, most of the staff have expressed a certain relief to no longer being associated with the previous owners, however there is also an amount of uncertainty whilst potential new owners are sought.

The Administrators appear very positive and started sending out information packs to interested parties on Friday afternoon, and once a small issue of technicalities with Insurance is ironed out on Monday morning, it will be business as usual at Shoreham.

I would like to thank everyone who has been in the know for the last four days for their discretion and support, particularly the CAA and Haywards Aviation, but most especially the students who have been very patient during the turmoil this week, our aircraft owners and customers who have all been incredibly understanding and supportive. I also hope that we can call upon their and your support in the coming weeks.

I would ask that for the sake of the staff, who are still working hard at Shoreham to maintain the relationships built over a 25 year period, that you think hard and carefully about any posts and wherever possible keep them in a positive vein.

Many thanks to you all, and here’s to a bright and prosperous future!

Paul.

I am sure we all hope that the administrators find a new owner for Fast Helicopters

Jeremy Parkin – HeliHub.com