Michael Towarek's flying school,
Golden Wings Flight Training, is now in the hands of Christchurch liquidators
Rhys Cain and Bruce Gemmell, put there by law firm Duncan Cotterill over an
unpaid bill for about $7000. Cain said he was surprised that Towarek had let the liquidation go ahead. "For whatever reason he has decided not to pay them and the
company was tipped into liquidation." But
Towarek dismissed the liquidation. Today he said Golden Wings' poor performance
showed the difficulty in finding suitable people to run his New Zealand
companies. He tried to help people, but had found that in many cases people he
hired or funded had sat back to just "click the ticket". Towarek said
he had been hoping to quietly wind down Golden Wings Flight Training and close
it, but a creditor had stepped in with the liquidation proceedings. He also
intended to close his charter airline and the Beechcraft was for sale. The same
day that the liquidation proceedings were served - July 24 - he set up Pacific
Pilot Ltd, with another Nelson man, David Marriott, who also has Nelson Pilot
Training Ltd in a 50-50 partnership with James Campbell, of Kina Beach Rd. He
owns Golden Wings Ltd - a charter airline which advertises executive travel
throughout New Zealand using a plush Nelson-based Beechcraft 350, bought new in
2010. This year's price is US$6.12m ($7.34m).
 |
| Golden Wings' Beech Super King Air 350 ZK-MMM taken at Ardmore on 31 May 2011 |
For the full article see : http://www.stuff.co.nz/business/money/9208016/Liquidators-to-talk-to-high-flyer
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