Vincent Aviation (New Zealand) (Wellington) is to be liquidated following a successful application to a New Zealand high court by creditor, ANCL Investments. The struggling carrier, whose Australian subsidiary, Vincent Aviation (Australia) (Darwin), was liquidated in May of this year, was placed into receivership earlier this week with BDO New Zealand court-appointed receivers.
Airline founder Peter Vincent told New Zealand's Stuff newswire that the liquidation pertained to lease and maintenance provisions for a BAe 146-200 used by Vincent Aviation (Australia).
"The problem is the income generated by that aircraft is caught up in the Australian receivership but the costs in relation to that aircraft are coming back to the New Zealand entity," he said.
Vincent added that the New Zealand operation had struggled to cope with the debt burden incurred by its Vincent Aviation Australia sister carrier which, although a subsidiary, was much larger in terms of its operational scope.
Vincent Aviation New Zealand operated a fleet of Saab 340Bs, Jetstream 32s, and a BAe 146-200 specializing in supplemental scheduled domestic services on behalf of other airlines. It had also provided ad-hoc charter services for corporate and government clients in addition to a round-the-clock Air Ambulance operated on behalf of the Life Flight Trust. The airline also offered additional operations throughout the Pacific and South-East Asia.
