Update on JetGo status
Many are wondering what is happening with JetGo after last week’s announcement — fair question.
JetGo has advised that it has entered into voluntary administration and has suspended all regular passenger transport services.
This includes the Brisbane service from Karratha scheduled for August and the one to Singapore for later in the year. It is our understanding JetGo has opted to take this route to recapitalise and restructure the company and it is in active discussions with potential investors.
Voluntary administration has three possible outcomes: after assessment the administrator deems the company solvent and returns it to the management of its directors; the administrator works with the company on a deed of company arrangement that outlines how the company will deal with its creditors (this is most common); or the company enters into liquidation.
At this stage, the City of Karratha is talking with JetGo and administrators to work out what exactly this means for our services.
This certainly isn’t the end of the line for our Brisbane and Singapore flight services and we will continue to work towards providing City of Karratha residents with an expanded flight service from Karratha Airport.