Jetgo Restructure On The Cards

Corporate Advisers Brought In

Jetgo Restructure On The Cards

A restructure is on the cards for Jetgo, with the regional airline reportedly bringing in corporate advisers at the end of last week to assist with their finances.

According to Fairfax Media, Jetgo informed their staff that the company has been experiencing a critical shortage of cash for some time. However, boss Paul Bredereck has denied the reports saying they were based on doctored emails.

The alleged money troubles come just days after the Dubbo Regional Council announced that the company owes them $271,000 relating to passenger taxes, with a court date set to get to the bottom of unpaid debts next month.

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