Issue 361: Disruptors

The collapse of Jetgo is “intensely disappointing”

Debtgo”, screamed the front page of the Illawarra Mercury. The collapse of regional operator Jetgo, which entered voluntary administration on June 1, is headline news not just in Wollongong and the Illawarra, but in regional cities across the country.

At a first creditors’ meeting on June 13 it was revealed that Jetgo had ceased RPT operations (its FIFO charter arm is still flying) with debts of at least $17 million and potentially as much as $32 million.