Airwork on the block to repay $145m of bank debt

Airwork on the block to repay $145m of bank debt
Receivers have been trying to sell the business. (Image: Airwork)
Denise McNabb
Receivers are actively pursuing a sale of the assets and business of failed air freight and maintenance aviation company, Airwork Holdings, to repay a $145 million syndicated bank loan.According to the first report filed by receivers from Calibre Partners, Airwork also has an outstanding intercompany loan of $35.83m and owes trade creditors $219,000.It has not disclosed the value of Airwork’s investments, citing commercial sensitivity, but said details might be disclosed at an appropriate time later.Headed by the Bank of New Zealand, the...

More Law & Regulation

Gourmet ice cream company out of flavour as sales melt
Retail

Gourmet ice cream company out of flavour as sales melt

Domestic sales, mainly to NZ supermarkets, plummeted by 94.65%.

RBNZ resists capital settings-research criticisms
Finance

RBNZ resists capital settings-research criticisms

The RBNZ has no intention of extending the deadline for submissions beyond Oct 3.

Andy Macdonald 03 Oct 2025
Is a change as good as a holiday?
Opinion

Bronwyn Heenan: Is a change as good as a holiday?

The Employment Leave Act will ultimately bring some much-needed simplicity.

Bronwyn Heenan 03 Oct 2025