Creditors unlikely to get money back in $25m Helipro collapse
Inside word from the receiver.
Calida Smylie Wed, 10 Dec 2014
It is highly unlikely Helipro’s creditors will be paid back the more than $25 million debt owing, receivers say.
PwC were appointed receivers on October 8 for Palmerston North-based Rick Lucas Helicopters, which owns helicopter tourism company HeliPro, along with subsidiaries HeliPro Aviation