THE FUTURE OF Impulse Airlines, the fast growing Australian regional carrier, has been called into doubt following the appointment of an administrator at its aircraft sales and maintenance subsidiary, Pacific Aviation.
Impulse managing director Gerry McGowan purchased Pacific from Ansett Transport Industries in 1994, to service his fleet of British Aerospace Jetstream 41s, for which his airline was the Australian launch customer.
BAe, which loaned Impulse about A$3.5 million ($2.5 million) to buy the business, and owns around A$4 million of Pacific's stock, was behind the pressure to put the company into administration.
The administrator is due to report back to Pacific's six major creditors, which include Pratt & Whitney and AlliedSignal, by the end of June.
Source: Flight International
