View Full Version : jetgo liquidation
JetGo forced to liquidate as Dubbo council wins Supreme Court case over unpaid debts - ABC News (Australian Broadcasting Corporation) (http://www.abc.net.au/news/2018-07-05/jetgo-forced-liquidate-dubbo-council-wins-supreme-court-case/9945502)
council acted to secure its immediate financial interest but one wonders about the long term interests of their ratepayers without this service.
kaz
Wizofoz
5th Jul 2018, 23:30
JetGo forced to liquidate as Dubbo council wins Supreme Court case over unpaid debts - ABC News (Australian Broadcasting Corporation) (http://www.abc.net.au/news/2018-07-05/jetgo-forced-liquidate-dubbo-council-wins-supreme-court-case/9945502)
council acted to secure its immediate financial interest but one wonders about the long term interests of their ratepayers without this service.
kaz
They were insolvent and had been for some time- the ratepayers were going to lose the service soon enough anyway.
Mach E Avelli
5th Jul 2018, 23:57
When these bottom-feeder mobs go down the gurgler it is small business people and employees who suffer. Those who provided services such as maintenance, cleaning and catering find that they worked for free for several weeks - if not months. Employees get dudded on entitlements such as accrued leave and superannuation. The directors have protections in place so that they lose nothing (house in the name of a second cousin twice-removed, the Beemer was only leased anyway, etc). They often disappear for a year or so to a Swiss mountain retreat then come out from hiding to head up yet another swindle in the making. And so the cycle repeats.
Trading insolvent is just a fancy name for theft.
Nulli Secundus
13th Sep 2018, 01:47
Noted a C level officer of the failed entity Jetgo is now an aviation advisor to another corporate entity. The information is publicly available. Hardly just given that indisputably millions are owed to people and organisations and there is a possibility of breaches of the corps. act. Note also ASIC have just called for public submissions in relation to phoenix operations and the licensing of company directors ( +annual fees!) but there's no implication of phoenixing in this instance.
Granted, people are entitled to a fair go and procedural fairness, but also, does one so soon after the event go public with one's new found career? Hardly in good taste or respectful of those who have been really badly affected by the loss of income.
Squawk7700
13th Sep 2018, 08:41
The scummy lawyers were the only winners in this case.
Corvallis
13th Sep 2018, 09:57
Seen the jetgo erj145 in Darwin today, who is operating them now. Seemed to be on a charter flight
Buswinker
13th Sep 2018, 21:57
Seen the jetgo erj145 in Darwin today, who is operating them now. Seemed to be on a charter flight
i’m told It’s been sold to an African airline and is on its delivery flight
TBM-Legend
21st Feb 2019, 12:27
Did anyone pick up the JetGo AOC? Still see ERJ's parked..
Pinky the pilot
22nd Feb 2019, 06:09
The scummy lawyers were the only winners in this case.
"As it was in the beginning, is now, and shall be for evermore...":mad:
Icarus2001
22nd Feb 2019, 06:45
So is the tennis partner back in the country or laying low eating noodles?
Ejector
23rd Feb 2019, 19:18
Who is the tennis partner?
onehitwonder
23rd Feb 2019, 22:00
Jason Ryder
Ned Stark
24th Feb 2019, 02:04
He’s got to give the tennis elbow a chance to recover
Nulli Secundus
24th Feb 2019, 20:36
It begs the question how any company director of a business in administration, whereupon a reasonable suspicion of insolvent trading has been made by an administrator, could possibly be permitted to leave the country at least not without the ruling of a court.
Thanks to dodgy directors and the risk of phoenixing, which is not implied here, its now proposed company directors will need a director's I.D issued by ASIC and pay an annual fee.