From the Flight West web site:. .------------------------------. .20 March 2002. .Flight West Sale Approved By Creditors. .. .At a meeting held in Brisbane on Tuesday, 19 March, Flight West creditors have voted in favour of selling the company as a going concern.. .. .This announcement was seen as a positive step by the airline's employees, who have been told the sale is the best result for the carrier. News of the sale was also welcomed by the residents of Gladstone and Townsville, who have looked to Flight West to provide a competitive service to these communities.. .. .It is understood confidentiality agreements will prevent the identity of the new owners being revealed until the sale is concluded prior to 5th April 2002. The syndicate of four investors - from Australia and overseas - have significant experience within the aviation industry.. .. .Premier Peter Beattie was reported as welcoming the announcement, and looking forward to the purchase being finalised.. .. .Flight West continue to operate scheduled services from Brisbane to Townsville and Gladstone, as well as regular mining charter flights in north-west Queensland. .. .-----------------------