jet airways failure

In 1965 Olympic ordered Boeing 707-320 jets; they received the first, bearing the name "City of Athens", in 1966. In 2013 Jet Airways started a fare war with low-cost carriers IndiGo and SpiceJet. By December 2003, the Olympic Airways Group of Companies owned Olympic Airways (Ολυμπιακή Αεροπορία), Olympic Aviation (Ολυμπιακή Αεροπλοϊα), Macedonian Airlines (Mακεδονικές Αερογραμμές), Galileo Hellas (Γαλιλλαίος Ελλάς), Olympic Fuel Company (Ολυμπιακή Εταιρεία Καυσίμων), and Olympic Into-Plane Company. Olympic Airlines (Greek: Ολυμπιακές Αερογραμμές, Olympiakés Aerogrammés – OA), formerly named Olympic Airways for at least four decades, was the flag carrier airline of Greece. What is astounding is that United Airlines 328 Engine Failure caused many debris to fall on the ground, but eventually, everyone landed safely as they should, and no one got hurt. This programme, as well as all the plans that followed, failed. In 2007 Jet Airways incurred debt to fund its expansion. JetBlue Airways Flights JetBlue Airways Flights, current page Top Deals for JetBlue Airways The cheapest flights to were $78 for round trip flights and for one-way flights in … Olympic purchased seven Boeing 737-400 aircraft in 1991, as well as the advanced version of the A300, the A300-600R. JetBlue Airways Flights JetBlue Airways Flights, current page The Cheapest JetBlue Airways Flights The cheapest prices found with in the last 7 days for return flights were $82 and for one-way flights to for the period specified. Aviation analysts say Jet Airways' Naresh Goyal's failure to find a strategic investor to pump money into the carrier extended the airline's losses. It was initially expected that operations would end much earlier, but due to the change of government in October 2009 the public tenders for the reallocation of subsidised flights to the Greek islands and for international flight rights outside the European Union were postponed. Existing passengers were accommodated on other airlines. In the early days of jet engine powered transport aircraft, engine failures, in all phases of flight, were a fairly frequent occurrence.Statistics from the 1960's indicate that failures resulting in inflight shutdowns occurred at an approximate rate of 40 per 100,000 flight hours (or 1 per 2,500 flight hours). Néomédia | Vaudreuil-Soulanges 418, Avenue Saint-Charles, suite 313 Vaudreuil-Dorion, Québec J7V 2N1 Téléphone: 514-218-7772 Télécopieur: 418-222-5699 from legally subsidised routes to Greek islands and costs of the relocation to the new airport. A few months later, Onassis sold all of the OA shares to the Greek state and he died shortly afterward (in 1975). (Αεροπορικαί Μεταφοραί Ελλάδος). The company faced serious financial trouble from the 1980s on, mostly because of management problems. In October 2017, it was the second-largest airline in India after IndiGo with a 17.8% passenger market share. name until the end of the year and for the first few months of 1957. The money was owed to O.A. The company stayed alive until the final deadline of 31 December 2009. Very soon the losses became excessive, so in 2003 the government restructured the Olympic Airways Group of Companies. A Garuda Indonesia Boeing 737-800 had to return to Sultan Hasanuddin International Airport in Makassar, Indonesia, after an in-flight engine failure occurred shortly after departure.. OA even showed interest in the BAC-Aérospatiale Concorde supersonic airliner and, on 5 January 1973, a Concorde landed at Athens' Hellenikon Airport to give a demonstration. In 1951 the poor financial state of the three airlines led to a decision by the Greek state to merge them into a single operator, TAE Greek National Airlines (TAE). Few business failures are so inseparable from the failings of their promoters. The “Jet Airways failed to manage its balance sheets and was caught out by these cyclical changes in the industry,” Mumbai-based economist Ashutosh Datar told AFP. British Overseas Airways Corporation (BOAC) was the British state-owned airline created in 1939 by the merger of Imperial Airways and British Airways Ltd.It continued operating overseas services throughout World War II. [22] However, in 2008 due to lack of aircraft Olympic Airlines cancelled or merged a significant number of flights, about 6,000 according to their union (as of 26 August 2008). It is a long story that Jet Airways has been mired in debt for many years now, unable to compete effectively in a market dominated by low-cost carriers (LCC) and a poor acquisition in Sahara. Very soon, Olympic AirTours was renamed Macedonian Airlines and reestablished as a charter flight company. Before their demise in 2009, Olympic Airlines flew to 37 domestic and 32 international destinations throughout 23 countries. Communication is an important fundamental unit of any business. The new amount owed by Olympic was €130 million, as compared with the original €160 million. William Lear based his design in part on military jets. In April of that year, a short list of potential buyers was submitted that included Aegean Airlines, German LCC DBA and a Greek-American consortium called Olympic Investors. (Greek Air Transport/Ελληνικαί Αεροπορικαί Συγκοινωνίαι) and Hellenic Airlines/Α.Μ.Ε. Video: United Boeing 777 suffers engine failure after takeoff from Denver The plane returned to Denver where it landed safely. Due to the rising losses and debts, the government decided to formulate a restructuring program in which all debts were erased. Seoul: The failure of Jet Airways should be a "wake up call" for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet chief Ajay Singh has said.. The airline also entered the wide-body era by purchasing two new Boeing 747-200s. In 1968 Olympic began serving Africa, with a twice-weekly round-trip linking Athens with Nairobi and Johannesburg. March 01-22: 37 aircraft are grounded due to non-payment of dues: March … On 6 April 1957 the company was renamed Olympic Airways (Ολυμπιακή Αεροπορία/Olympiaki Aeroporia). The airlines also tried to accommodate its passengers in its low-cost arm Jet elite. There were no buyers for the airline so the Greek State bought the company back. Originally, the deadline for any bids (or expressions of interest for stake sales) was by August 3rd, but Jet Airways has reported that multiple possible bidders have asked for additional time to perform due diligence and to submit bids at the last possible moment (to confuse any competition). The failure of Jet Airways should be a "wake-up call" for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet chief Ajay Singh has said. The e-ticket service introduction by Electronic Data Systems meant Olympic abolished their old "Hermes" booking system, which had served the company for more than two decades. The death of Aristotle Onassis' son, Alexander, in a plane crash came as a shock to the Greek people and a new phase began for Olympic Airways. On 6 March 2009, the Greek State announced it had reached an agreement to sell the flight operations, ground handling operations and technical base of the group to Marfin Investment Group, the largest Greek investment fund, thus ending 35 years of state ownership. Until the final closure, Olympic Airlines used the temporary code OP for their flights (instead of OA, which is used by their successor, Olympic Air). The new logo for Olympic air was selected from among three proposals by an online vote which was open until 5 July 2009 on oalogo.gr. Unfortunately, the burden of the debt coincided with the 2008 Financial crisis. Many of his companies carried the Olympic name such as Olympic Maritime. The aircraft, operating a cargo service from MST to JFK, took off at 16:11 local time. The dynamic attitude of business makes communication an integral part of it without which a company is bound to fail. Check-in for your flight online from the comfort of home, office, or your hotel room. It started off... © Copyright 2020 Airways International, Inc. All rights reserved. The airlines management combined 12 Jet Airways flights with Jet elite. Find out what this airline has to offer and consider flying at a discount to Central, East, West, Southern, or North Africa. In December 2004, the Greek government decided to privatize Olympic Airlines, but the sale process ended in failure as none of the buyers were eager to repay the Greek state almost 700 million euro in state aid, which was later declared illegal by the European Commission in December 2005. On all BEA and OA Comets, there would be a "BEA-OLYMPIC" sign. [9] The new airline faced financial problems so the government closed it down in 1955. Onassis wanted to copy the five coloured rings of the Olympic emblem, but the International Olympic Committee claimed the rights to the emblem, so a new, six ring logo was introduced. Also in 1969, the airline phased out their Comet 4Bs. When Greek crews had to spend a night in London, British crews would fly the Olympic Comets to BEA destinations, and the same with Greek crews and BEA Comets. Jet Airways rescue failure could lead to a Kingfisher-like situation for banks. In July 1956 the Greek State reached an agreement with Greek shipping magnate Aristotle Onassis for Onassis to purchase the airline. Coordonnées. The Boeing 747-412 started its career with Singapore Airlines (SQ) in February 1991 and was subsequently owned or operated by Boeing Capital Corporation, Air India (AI), Martinair (MP), ACG Cargo Germany, and Rubystar Airways (RSB). One fine Wednesday it grounded 20,000 of its flights leaving the future of the pilots and crew uncertain. [15] In an interview, Olympic Investors stated that they were backed by York Capital with 6.5 billion dollars and assured that OA's workers would not lose their jobs. Olympic then acquired seven Boeing 720-051B aircraft, a medium-range derivative of the Boeing 707, from Northwest Airlines. In 2005, the Greek Government looked for potential buyers to privatise OA. The iconic jet was among the first private luxury planes. We also have all the information you need for your booking all in one convenient location. Some positive news: three aircraft that were grounded for engine normalization are back in commercial […] Just two years after the first flight, Onassis asked his associates to design a new logo and the coloured rings were created. JetBlue offers flights to 90+ destinations with free inflight entertainment, free brand-name snacks and drinks, lots of legroom and award-winning service. Feb 2, 2021. On 6 March 2009, Development Minister Kostis Hatzidakis announced the sale of the flight operations and the technical base companies to Marfin Investment Group (MIG). Olympic Air took over the rest of the operations on 29 September 2009 and their first flight was on 1 October 2009 at 06:20 leaving the Athens International Airport and heading to Thessaloniki Makedonia Airport. Jet Airways (India) Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 1,317.16 Crore) operating in Airlines sector. MIAMI – A Longtail Aviation (6T) Boeing 747-412BCF, bearing a VQ-BWT registry, suffered an uncontained engine failure during the initial climb out of Maastricht (MST), Netherlands.. At the moment of the incident, the aircraft was passing 1400ft altitude and was overflying the Dutch village of Meerseen. Jet Airways is endeavoring to make alternative arrangements on other airlines wherever possible and the airport teams of the airlines will assist its guests to the fullest extent”, she said. The same year OA received the first of a fleet of Boeing 727-200 jet aircraft. AirwaysNews High Flyer Interview: Spirit CEO Ben Baldanza – Part 2. In 1977, in a cost-cutting effort, OA shut down their Australia route, followed by the Canadian one in 1978, when OA also placed orders for four Airbus A300s, plus four options. Also, the negative incidents that Jet Airways faced all contributed to lowering the share prices for Jet Airways. The new company developed rapidly. A company formed in the 80s called Olympic AirTours (Ολυμπιακή Τουριστική) had already been transformed into Macedonian Airlines.[13]. Feb 21, 2021. [citation needed]. The planned re-launch date passed without anything happening, and the plan was temporarily frozen. The 707 started the Boeing jet trend of having plane names start and end with the number 7. [16] The code name for the project was Pantheon Airways. Etihad Airways had a 24% share of Jet Airways, and they refused to increase the volume of their shares. It is estimated that OA earned approximately 780 million euro in 2007, 500 of which came from international flights. was thrown a life line, when the courts ordered Greece to repay them almost 564 million euro owed to the airline. For the successor to Olympic Airlines, see, Source: IATA World Air Transport Statistics; 1957 RPKs start 6 April, CS1 maint: bot: original URL status unknown (, Learn how and when to remove this template message, Thessaloniki International Airport, "Macedonia", Heraklion International Airport, "Nikos Kazantzakis", Pyrros D. Papadimitriou - curriculum vitae, "Olympic Airlines IOSA Operators Profile", "Olympic Airways old website (Wayback Machine)", "Olympic Investors interested in Olympic Airlines as one company, its founder says", "Globe Merchant Travel Blog » Blog Archive » Pantheon Airways: a future new airline on the ashes of Olympic Airlines", "Greece's Olympic Airlines wins cash reprieve from court", "Δελτία τύπου & νέα των Ο.Α (Τρέχον Τρίμηνο)", "EU court rules on Greek subsidies to Olympic Airlines", "/ Mergermarket – Olympic Airlines: Olympic Investors still interested, expects quick sale after elections", "Ελευθεροτυπία – Απογευματινή Αδέσμευτη Εφημερίδα", "Registration Details For CCCP-86455 (Olympic Airways) Ilyushin Il-62-M - PlaneLogger", "Accident description Olympic Airways SX-CBI", http://supreme.lp.findlaw.com/supreme_court/briefs/02-1348/02-1348.mer.resp.pdf, actual archived page of Olympic Airlines in 2007, https://en.wikipedia.org/w/index.php?title=Olympic_Airlines&oldid=1011407746, CS1 maint: bot: original URL status unknown, Articles with dead external links from June 2009, Articles with dead external links from March 2018, Articles with permanently dead external links, Articles needing additional references from July 2010, All articles needing additional references, Articles with unsourced statements from October 2010, Articles with unsourced statements from July 2010, Creative Commons Attribution-ShareAlike License, 4 aircraft -103 series and 4 aircraft -203 series, Previously flew with TAE (Greek National Airlines), The Olympic name came about as a result of Onassis' passion for ancient Greece. If you want to know how many Jet Airways planes have crashed or if there has been a Jet Airways plane crash at all, you'll find out below. Go beyond the continent to explore the Far East, the Middle East, and India. This amount included unpaid taxes on fuel and spare parts, as well as unpaid fees to Athens International Airport. Jet Airways is a major Indian international airline based in Mumbai. The first logo of the airline was a white eagle, bearing a resemblance to a propeller, featuring five rings and the name Olympic. The first five rings stand for the five continents, while the sixth stands for Greece. G.C.A.T./Ε.Ε.Ε.Σ./E.E.E.S. ... Mar 2, 2021. Ailing Jet Airways was forced to ground four aircraft on Thursday (7 February) after failure to pay outstanding amounts to aircraft lessors under lease agreements. In 1990 a route to Tokyo via Bangkok was launched but Olympic was soon forced to shut it down, despite very high load factors (95%). Olympic Catering had been sold a few months earlier. Post-Flybe: What’s Next For The UK Regional Market? Like what you see online? Employees of the old company that were in destinations no longer served may have been affected. Japan Grounds Boeing 777s After United Jet Engine Failure. Today, Jet Airways is sitting on a debt of over $1.2 billion, unpaid salaries, and has lenders lining up to impound aircraft over non-payment of dues. The Olympic Airlines fleet operated at the time of closure: Olympic Airlines has previously operated the following aircraft:[24], Olympic Airlines had the following codeshare agreements:[27]. Successive Greek governments also made Olympic carry the press at a 97 percent discount. A few hours ago, United Airlines flight UA 328 experienced an engine failure and returned to Denver International Airport. Jet Airways shares rise 6% (pdf) as reports suggest Goyal may step down. Under this plan the government would be a minority shareholder of the new carrier, which would be run as a private airline. We would like to show you a description here but the site won’t allow us. Demand fell and oil prices surged. The Jet share price blow will be telling on not just those who hold Jet shares. Jet Airways case study 1. All proposals were expected to keep the six circles and to modernise the existing logo. Soon after the World War II, in 1947, three airlines were based in Greece: T.A.E., G.A.T./ΕΛΛ.Α.Σ. India News: Jet Airways flight 9W 955 suffered engine failure when the plane was cruising at an altitude of almost 11 km. At the moment of the incident, the aircraft was passing 1400ft altitude and was overflying the Dutch village of Meerseen. In 2006 O.A. India’s Jet Airways is undergoing a spectacular collapse and even last-minute financing might not be enough to get the airline back in the air. Photo: Jet Airways Why was the original bid deadline extended? Make sure to subscribe to the print edition of Airways today for exclusive content including airport reviews, trip reports, interviews, and more. The fall of Jet Airways would not only make more than 20,000 employees jobless but also raises question on the sustainability of already struggling aviation sector in India Rajeev Upadhyaya The way Jet Airways is down, it confirms that history repeats itself. 231 passengers and 10 crew members were onboard. Olympic Airlines (Greek: Ολυμπιακές Αερογραμμές, Olympiakés Aerogrammés – OA), formerly named Olympic Airways for at least four decades, was the flag carrier airline of Greece.The airline's head office was located in Athens. InterGlobe — which runs IndiGo — and SpiceJet have become globally the most expensive airline stocks, having soared amid Jet's sinking. Expedia does much more than finding the best South African Airways flights to fit your needs. Most Read. The talk with Tata failed to lead anywhere, and there was no investment made in Jet Airways last year. The money would be used to pay back part of the State aid declared illegal by the European Commission in December 2005. United’s flight UA 328 from Denver to Honolulu suffers an engine failure, returns safely to DEN after engine parts fall on Broomfield, CO United Airlines flight UA 328 from Denver to Honolulu on February 20 with Boeing 777-200 N772UA suffered a right engine failure … (Greek Company for Air Transport/Ελληνική Εταιρεία Εναέριων Συγκοινωνιών/Ellinikí Etaireía Enaérion Synkoinonión) took its place. MIAMI – A Longtail Aviation (6T) Boeing 747-412BCF, bearing a VQ-BWT registry, suffered an uncontained engine failure during the initial climb out of Maastricht (MST), Netherlands. [citation needed]. In 1962 Olympic set a record flying a DH Comet 4B from London to Athens in just two hours and 51 minutes. Images shared on social media showed what appeared to be a part of the engine nacelle in front of a house. A new Athens-Montreal-Chicago service commenced in 1969. On 29 September 2009 Olympic Airlines ceased all operations and most flights. He stated that Athens was under more pressure to recover the money Olympic owed, because of the Ryanair lawsuit. Advertisement . Quite recently, it failed to gain emergency funding from all its lenders and is almost on the verge of shutting down. The founder of the airline is David Neeleman, the same guy behind JetBlue. [14] Shortly afterwards Aegean Airlines pulled out, followed by DBA. The remaining group companies, except for Olympic Aviation (Olympic Airways, Olympic Into-Plane Company, Olympic Fuel Company, Olympic Airways Handling and the Olympic Airways Technical Base), merged and formed a new company, called Olympic Airways - Services S.A.. In September 2005, the Greek government signed a non-binding agreement with Olympic Investors to buy the airline. [4] The airline operated services to 37 domestic destinations and to 32 destinations world-wide. To further this strategy, several examples of the small twin-engined turbo-propellor Short Skyvan utility airliner were obtained for operation on routes serving smaller Greek airports. Jet Airways 1. Jet airways failure has gained a lot of popularity recently, and all for the wrong reasons. Jet Airways was successful in making the headlines over quite a long period of time. The logo that was finally selected is a bevel version of the existing logo and font, with the exception that green has replaced the light blue on some circles. According to Greek media, the government planned to relaunch the company in late 2006. In 1976, under state management, OA purchased eleven Boeing 737-200 jet aircraft and created Olympic Catering, which served both OA and foreign airlines. In June 2006, Greek media reported that Sabre Aviation Consulting Services was contracted by the Greek government to find investors and develop a business plan for an airline to replace Olympic Airlines, aiming to begin operations in autumn 2006. Submitted To:Prof. Sachin KharePrepared By:Sneha Varma (193)Mayank Shah (202)Ritu Singh (59)Swatanu Mohan Satpathy ( 108 ) December 1, 2011 1 2. Jet Airways Ltd, the biggest full-service carrier in India, has been under dark clouds for the past few months. The engine trouble happened midway. By recent estimates, Jet Airways is making a daily loss of Rs 21 crore and has debt and dues of at least Rs 15,000 crore. It bought debt-ridden Air Sahara and rebranded it as its low-cost subsidiary JetLite. The company flew under the T.A.E. Failure to attract investors. Even though the planes were initially equipped with turbojet engines, the dominant engine setup for the Boeing 707 family involved four Pratt & Whitney JT3D turbofans. The last Olympic Airlines flight was flight 424 from Toronto via Montreal, landing at 11:10 on 29 September 2009 at the Athens International Airport. MIAMI - History has shown that airline mergers, interline agreements and alliances have always adversely affected the employees; specifically, the pilots that fly for... LONDON – As we know, Flybe (BE) went into administration back in March this year, following a few years of financial downturns. In 1986, there were strikes at OA, and financial losses mounted. Olympic's first Boeing 707 service was also the inauguration of a non-stop route connecting Athens and New York City (JFK). On 31 December 2009 Olympic Airlines ceased all operations, as flights to Greek islands have already been allocated and are being flown by other carriers and flights to destinations outside the European Union have been allocated to other carriers who started operating them from 1 January 2010. As a result, after 35 years of state control and ten years of failed sales attempts, Olympic will once again become a private corporation. During that period, there were many observers and analysts who had come up with a list of reasons, which later on, actually played the core role in the failure of Jet Airways. Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink of failure when government used 35K crores (Rs 35,000 crores) of public funds to bail out Air India. Jet Airways Boeing 777-300ER. [11] Onassis always wanted to be in the cutting edge of the technology, so in 1959 he signed a deal to buy four de Havilland Comet 4B that in 1960 was Olympic's first jet aircraft, that entered service. Breeze Airways is a new airline that’s expected to launch in the US in early 2021. Longtail Aviation cargo 747 loses engine parts over Meerssen after failure on departure from Maastricht Airport in The Netherlands. Silver Airways to Launch Service From Savannah/Hilton Head International. By December 2007, the airline employed about 8,500 staff. In 1984, three more B747-200 aircraft were purchased from Singapore Airlines, and the Canada and Australia routes were reopened. MIAMI – A Longtail Aviation (6T) Boeing 747-412BCF, bearing a VQ-BWT registry, suffered an uncontained engine failure during the initial climb out of Maastricht (MST), Netherlands.. At the moment of the incident, the aircraft was passing 1400ft altitude and was overflying the Dutch village of Meerseen. While intense pricing competition, weak rupee and rising fuel costs have hurt Indian air Regrettably in the event of Jet Airways’ failure you will become an unsecured creditor with very little prospect of seeing the cash that you are due under European air passengers’ rights rules. 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On 1 December 2007 transport minister Kostas Hatzidakis announced that the entire Olympic Airways Group debts amounted to two billion euro, and that the airline in its present form and size would cease existing in 2008. Jet Airways reports a loss of Rs1,036 crore in the Jan-March quarter as revenue declines and costs increase significantly. As a consequence of the uncontained explosion of the number 1 engine – outboard left side – several pieces of the fan blades fell over the village, slightly injuring two persons and damaging parked vehicles, according to a report by Aviation-Safety.net. [19] On that same day Olympic Investors, the Greek-American consortium that was interested in buying Olympic in 2005, stated renewed interest in buying the airline. [17] Olympic Airlines redesigned their website to introduce their e-ticket service, launched on 31 July 2007, in response to the surge of online booking and online check-ins. The man who made Jet the number one Airline of India is also inextricably responsible for its downfall. United Airlines 777-200 Suffers Catastrophic Engine Failure After Takeoff UA328, a Boeing 777-200, took off from Denver (DEN) bound for Honolulu (HNL) this morning at 12:49pm. As of November 2007, the e-ticket service is available on all European and International routes, and on 19 of the airline's 37 domestic routes. The airline’s acting president Chansin Treenuchagron says the rehabilitation plans aim to “fully restructure and … Stock Market. [28] Colours used were yellow, red, blue and white. [5] Olympic Airlines also owned a base at London Heathrow International Airport. What were his significant mistakes which brought down the Airline? [21] This was deemed to be the only way for the European Commission to write off the company's debts to the Greek public sector. Green along with blue is one of MIG's corporate colours (as seen on Marfin Egnatia bank's logo for example) and was thus also used per the request of MIG on the new uniforms too. Olympic Air, the new airline formed from privatisation, commenced flights. British Airways Flight 149 was a flight from London Heathrow Airport to Sultan Abdul Aziz Shah Airport, then the international airport for Kuala Lumpur, Malaysia, via Kuwait and Madras International Airports, operated by British Airways using a Boeing 747-136, with registration G-AWND, on 2 August 1990.. The 31 December 2009 deadline as the final possible date that Olympic Airlines should cease operations, was agreed between the Greek Government and the European Commission as part of the deal to close Olympic Airlines and sell the name and assets to Olympic Air. https://t.co/b22hB9QgKF pic.twitter.com/NYps5GoBzT. Jet’s fall is a story of the fall of its founder. There were 231 passengers and 10 crew members on board United Flight 328, United said. They stated that OA should continue to operate as an integrated company and that they were not interested in buying just parts of OA. The fall of Jet Airways is a story of the fall of its founder Naresh Goyal. Thai Airways has submitted a rehabilitation plan in accordance with a Central Bankruptcy Court order after the the receiver’s appointment last September. [20], In November 2007, Irish airline Ryanair filed a suit with the European Commission, saying that they had not looked into their claims that Olympic had not paid back their debt.

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