Administrators have moved to sell assets owned by companies belonging to federal MP Clive Palmer, including a Bombardier Global Express aircraft belonging to Palmer Aviation, which owes $26 million.
Creditors of Mr Palmer’s aviation company met yesterday in Sydney and decided to put it into liquidation.
Liquidators FTI Consulting said the process would start in March.
Mr Palmer’s cattle property, Mamelon Station, located north of Rockhampton, will also go under the hammer next month.
FTI Consulting said the proceeds from the sale of property would go toward the cost of running of the federal MP’s Queensland Nickel refinery at Yabulu near Townsville, which is c…
Read the full article at: http://www.abc.net.au/news/2016-02-24/clive-palmers-jet-to-be-sold-after-palmer-aviation-liquidation/7194694