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

Receivers have been trying to sell the business. (Image: Airwork)

Thu, 11 Sep 2025

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...

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