Darwin-based Vincent Aviation (Australia) is in the hands of receivers and all flights by the airline have been cancelled. Andrew Fielding and Gerald Collins of BDO were yesterday appointed receivers and managers to Darwin-based company. The is not word on the immediate future of the company or if flights will resume.
QANTAS WORKERS SAY COMPANY IS CONSIDERING REMOVING ALICE SERVICE
BDO said in a statement it has commenced an assessment of the financial position of Vincent Aviation (Australia) to assess its future viability and will work with management and major stakeholders and regulators during the process. The company is wholly owned by New Zealand-based Vincent Aviation Limited and has satellite bases in Brisbane and Sydney. The Australian company operates nine medium-sized turbo prop passenger aircraft including Beechcraft 1900s and SAAB 340s, and employs approximately 80 staff.
QANTAS STEPS IN TO SAVE BINDI CONTRACT
Mr Fielding said a range of factors, particularly market conditions, had contributed to the current situation facing the company. “The prudent step was taken by the company’s management to cease trading to enhance the recoveries to all creditors. The company has cancelled all flights and customers should make alternative travel arrangements,” he said.
I'm surprised it's taken this long for them to go bust.
ReplyDeleteWonder how long it will before the New Zealand operation folds.
Any news on the BAe146 Vincents were operating in Australia ? .
ReplyDeleteTo more local news will Vincents be starting a service out of
Masterton,soon .
The 146 is back in WLG
ReplyDelete