Newstead Air Locker Training gym goes into liquidation

An inner-city Brisbane gym has gone into voluntary liquidation this week.

It was resolved at a company meeting on November 8 that Air Locker Training in Newstead would be wound up and liquidators would be appointed.

Air Locker Training is a group fitness gym, simulating a high-altitude environment.

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The chain’s website boasts 26 locations across Australia, with four set to open soon.

But the Newstead location has now closed, with its social media pages removed.

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Bill Cotter from Robson Cotter insolvency Group in Woolloongabba has been appointed as liquidator.

The gym had “less than half a dozen employees” and “not very many creditors”, Cotter said.

The membership numbers were also small, he said.

Initial estimates indicate the debt owed by the gym is “probably under $200,000”, Cotter said.

The liquidators will now look at the gym’s assets and who has a claim for debt owed.

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