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Pacific Aerospace/China joint venture liquidator has a complex road ahead
14 Feb, 2021 04:00 PM
5 minutes to read Just four years ago veteran Waikato planemaker Pacific Aerospace was a $30 million revenue company and its loyal staff were promised explosive growth was just round the corner through a new joint venture with Chinese state-owned juggernaut Beijing Automotive.
Late on Friday afternoon, the dream nosedived when the High Court granted a supplier creditor s application for interim liquidation of the Hamilton-based company, whose legacy spans more than 70 years and has pulled out of more commercial turbulence over the decades than the Red Baron.
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