REDjet flies out
REDJET’S LAST PLANE left Barbados yesterday afternoon, hours after the court gave the company the all-clear to fly its aircraft to the United States where they will be sold to help repay creditors.
The insolvent airline got the green light from High Court judge Randall Worrell who overturned the injunction granted over the weekend to Grantley Adams International Airport (GAIA) Inc., which is owed hundreds of thousands of dollars.
He upheld the challenge filed by attorney-at-law Anthony Audain, who was acting on behalf of the trustee appointed when REDjet filed for insolvency on June 5.
“The judge agreed that Section 41 of the Bankruptcy and Insolvency Act, under which REDjet filed for protection, provides a statutory stay so that no creditor has any remedy to commence any action,” Audain, accompanied by Supervisor of Insolvency Dianna Greenidge and REDjet’s chief executive officer Captain Geoffrey O’Byrne White, told the DAILY NATION after a brief hearing.
Read the full story in today’s DAILY NATION.