BANKRUPTCY notice on the front door of Hawkair's Terrace headquarters.

Northwestern B.C. airline company declares bankruptcy

Hawkair's creditors are to meet in Terrace on Dec. 12

  • Nov. 22, 2016 9:00 a.m.

CREDITORS of Hawkair will be meeting here Dec. 12 for the latest financial information following the company being declared bankrupt Nov. 18.

The company had itself voluntarily placed into bankruptcy, said Derek Lai from Crowe MacKay and Company, the licensed insolvency trustee firm appointed to dispose of its assets.

“What we do is protect the interests of all the creditors,” said Lai this afternoon.

The bankruptcy put approximately 40 people out of work although a few have been called in to assess the company’s inventory in preparation for disposing of what can be sold.

In addition to any equipment and aircraft parts, Hawkair had two Dash 8-100 aircraft.

Once a major factor in the local and regional aviation community with more than 100 employees at its Terrace headquarters at the Northwest Regional Airport as well as at offices and bases in Smithers, Prince Rupert, Vancouver and northeastern B.C., Hawkair had gradually been pulling out of those communities and consolidating in Terrace.

Beginning in January, it stopped operating on its own and began supplying aircraft and crew to Central Mountain Airlines which is owned by the same holding company that owns Hawkair.

And in September, Central Mountain announced it was cancelling its Terrace to Vancouver service that had been using a Hawkair aircraft.

Speaking from the Central Mountain head office in Smithers, Doug McRea called the bankruptcy a sad occasion.

“Hawkair certainly has been a longtime supporter of the community and it will certainly be missed,” he said of its providing of tickets for various charitable organizations and purposes.

McRea said the state of the regional economy worked against Hawkair’s existence.

The bankruptcy means Central Mountain no longer can use Hawkair’s aircraft and so it has been shifting its own fleet around, McRea added.

The bankruptcy does not affect Central Mountain or the parent holding company because Hawkair was a limited company in its own right.

 

Just Posted

Trees to line Third Avenue West

City of Prince Rupert dug up holes on downtown sidewalks to make space for trees

Prince Rupert council alarmed by high number of pedestrian accidents

City council discussed improving lighting and working with the province to improve crosswalk safety

LETTER: The next generation of Watson Island

Councillor Blair Mirau reflects on Prince Rupert’s past and moving forward into the future

Streeter of the Week: Electric car charging stations

The View asked Rupertites “What do you think of electric car charging stations in Prince Rupert?”

PART I: How Prince Rupert schools teach Indigenous language to hundreds of students

A multimedia series with videos and photos from children’s Sm’algyax classes on B.C.’s North Coast

This Week Podcast – Episode 63

Get ready to learn all about how to catch the big one at the 25th Blue Knuckle Derby

Carriers wanted for the Northern View

We have open routes for carriers all over Prince Rupert

Debt-to-household-income ratio rises in third quarter

Total household credit market debt grew to $2.11 trillion in the third quarter

B.C. Mountie told to resign after texting teenage sex assault victim

RCMP documents say Const. Brian Eden sent sexually inappropriate photos to 17-year-old girl

Family doctors should learn to treat addiction, not shun patients: scientist

B.C. Centre on Substance Use’s Dr. Evan Wood said efforts underway to change addiction medicine image

Four dog deaths investigated in Cranbrook

One vet suggests a parallel to these deaths and similar ones in 2016

Meningococcal disease outbreak declared in Okanagan

Five cases in last six months among 15- to 19-year-olds, including one in Vernon

Province rejects Ajax mine in Kamloops

KGHM Ajax had proposed a 1,700-hectare open-pit copper and gold mine, just southwest of Kamloops

Border officers rally at B.C.’s Peace Arch

CBSA employees tire of ‘lack of respect’

Most Read