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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
5 mins to read

High Court: Pac Aero interim liquidation best chance of creditor return

Judgment notes two creditors of insolvent aircraft manufacturer are owed nearly $2.17m.

Reweti Kohere Tue, 02 Mar 2021

The best prospect of a return for two creditors owed nearly $2.17 million by insolvent aeroplane manufacturer Pacific Aerospace lay with putting the Hamilton company in the hands of liquidators rather than non-acting owner/shareholders retain control.

That’s one conclusion the Auckland High

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Reweti Kohere Tue, 02 Mar 2021
Contact the Writer: reweti@nbr.co.nz
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High Court: Pac Aero interim liquidation best chance of creditor return
General Business,
86544
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