Royal QLD Aero Club in VA
Found this on another forum, anyone heard anything?
24 March 2016
Note to Members – Appointment of Voluntary Administrator
Dear Members
I regret to advise that the Boards of Royal Queensland Aero Club Limited, Airline Academy of Australia Pty Ltd and ATAE Pty Ltd resolved earlier today to appoint a Voluntary Administrator to all entities within the Royal Queensland Aero Club structure. As a consequence of this appointment all entities ceased trading with effect from this afternoon.
This outcome is particularly disappointing given the substantial progress recently made towards achieving increased scale and profitability.
I would like to take this opportunity to record my and the Board’s appreciation of the wonderful efforts of Management and Staff, particularly through the many challenges that have arisen in recent months.
The Voluntary Administrator, Nigel Markey of Pilot Partners, has commenced the process of reviewing the position of the RQAC group and will provide advice to Directors, Creditors and Members and Students in the coming weeks.
Obviously this is an incredibly sad day for our proud and historic organisation. There will be a number of people working tirelessly in the coming days to explore all avenue and options to develop a proposal that will allow the entities to emerge from Voluntary Administration.
Members will be kept informed throughout the process.
Yours sincerely
Clif Hefner