OEM International
Encyclopedia
OEM Limited was a construction
company based in Gibraltar
.
The company issued a press release claiming that they would be creating a national airline
for Gibraltar under the name of Fly Gibraltar
. After a number of delays the project was cancelled in June 2007. There is no evidence that it was ever a serious undertaking.
OEM were responsible for the construction of several affordable Government of Gibraltar housing projects - Nelson’s View, Cumberland Terraces and Bayview Terraces.
On 4 April 2007 the Government announced the repossession of the sites, following the failure of OEM to satisfy the Government that they had sufficient funds available to complete the construction of the projects. The construction has been taken over by GRP Investments Company Limited, which is wholly owned by the Government.
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
company based in Gibraltar
Gibraltar
Gibraltar is a British overseas territory located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean. A peninsula with an area of , it has a northern border with Andalusia, Spain. The Rock of Gibraltar is the major landmark of the region...
.
The company issued a press release claiming that they would be creating a national airline
Flag carrier
A flag carrier is a transportation company, such as an airline or shipping company, that, being locally registered in a given country, enjoys preferential rights or privileges, accorded by the government, for international operations. It may be a state-run, state-owned or private but...
for Gibraltar under the name of Fly Gibraltar
Fly Gibraltar
Fly Gibraltar was a proposed foreign owned low-cost airline to be based in Gibraltar. It claimed it would operate services to destinations in the United Kingdom and the Republic of Ireland. The airline stated that it would commence flying in April 2007....
. After a number of delays the project was cancelled in June 2007. There is no evidence that it was ever a serious undertaking.
OEM were responsible for the construction of several affordable Government of Gibraltar housing projects - Nelson’s View, Cumberland Terraces and Bayview Terraces.
On 4 April 2007 the Government announced the repossession of the sites, following the failure of OEM to satisfy the Government that they had sufficient funds available to complete the construction of the projects. The construction has been taken over by GRP Investments Company Limited, which is wholly owned by the Government.