Pacific Aerospace owes at least $2m as shareholders parachute out

Tue, 02 Mar 2021

The Civil Aviation Authority has extended the suspension of Pacific Aerospace's design, manufacturing and maintenance certificates as the company's liquidator starts selling off the assets of the stricken plane builder.A CAA spokesperson told BusinessDesk that certificates for the Hamilton manufacturer hadn't yet been revoked — meaning owners and operators of PAL aircraft can still fly these. Of the estimated 300 planes built and supplied by the manufacturer, there are 108 PAL built publicly registered aircraft in use in...

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