Up­date on JetGo sta­tus

Pilbara News - - OPINION - Peter Long Peter Long is the City of Kar­ratha mayor.

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.

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