A preliminary report by the safety investigator has revealed a fracturing of the pitch change control sleeve likely led the helicopter to yaw – or spin on its vertical axis – before crashing and repeatedly rolling on the ground.
It marks the first aggressive move to market to European destinations since the airline pulled out of flying to the hub airports of Hong Kong in 2020 and Abu Dhabi in 2017, before entering administration in 2020.
The application, which had been filed by apparent creditor Wealth Creation, was on Wednesday dismissed with the consent of both parties, with no orders made as to costs. It comes after Australian Aviation exclusively reported on the application earlier this month.
Rob Sharp has received praise in the industry for steadying the organisation after it faced criticism it allowed too many air traffic controllers to leave during COVID-19.
The deal is considered the first major agreement for the advanced APEX ammunition type, with production due to start in 2025 and deliveries following over the next two years.
Transport Minister Catherine King argued creditor PAG could have collapsed the airline “at any stage” and insisted the purchase was also necessary to make a second attempt to find a buyer.