Soar Aviations directors have denied claims by KPMG that the firm could have been insolvent for up to a year before it entered administration, Australian Aviation can reveal.
A new note to creditors authored by the professional services firm also said the flight schools directors maintained they sought and obtained funding required to run the company in January 2020.
Australian Aviation reported last week that KPMG believed the firm was insolvent from as early as January 2020, despite only entering voluntary administration in December 2020.
Its collapse has left unsecured creditors owed hundreds of thousands and many of its current trainees in limbo.
However, a new addendum …
Read the full article at: https://australianaviation.com.au/2021/02/soar-aviation-directors-deny-firm-was-insolvent-for-a-year/