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Bidders line up for New Zealand's Pacific Aerospace


Bidders line up for New Zealand s Pacific Aerospace
15 April 2021
by Jon Grevatt
About 30 investors have expressed an interest in acquiring New Zealand-based Pacific Aerospace Limited (PAL), a shareholder report by the company’s liquidators said on 14 April.
According to the report, PAL – manufacturer of the CT-4 military trainer aircraft – owes its unsecured creditors about NZD41.2 million (USD29.5 million) and secured creditors NZD1.7 million.
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