The Administrators are still working with a number of key stakeholders to provide funding in order to resume flight operations and will continue to do so over the weekend.

Further to yesterday’s press release the Administrators confirm they stood down 302 of the 323 total workforce up to and including 7 May 2024. The Administrators held a virtual meeting of the employees yesterday evening to advise the employees of their ‘stand down’.

The Administrators have opened an employee enquiry line and are assisting employees with any queries they have. We have also been in discussions with Government organisations and other key bodies in regards to assistance for employees. These discussions are ongoing.

The Administrators are continuing their efforts to find the best possible solution for all stakeholders.

Whilst these efforts are in progress‚ the release of commercially sensitive information and material that is subject to ongoing investigations cannot be made public at this time.

The Administrators will investigate the affairs of the Company and report the results of those investigations to creditors in accordance with the timeframe stipulated in the Corporations Act 2001.