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Soar Aviation goes into Administration 1 January 2021
Controversial flight training organisation Soar Aviation was put into administration on 29 December, according to notices published by the Australian Securities and Investment Commission (ASIC) yesterday.
Brendan Richards and James Stewart of Sydney-based KPMG have been appointed as administrators. It is believed the company has debts in the vicinity of $6 million including unpaid aircraft leases.
Soar Aviation was unique in that it used recreational and light sport aircraft like Foxbats, Bristells and Tecnams to deliver training in accordance with the Diploma of Aviation via Box Hill TAFE.
The school ran bases in both Moorabbin and Bankstown, using a fleet of over 50 aircraft. The distinctive yellow of the Moorabbin fleet became somewhat of a trademark for the company.