- Westair Aviation has turned to Interpath’s Kieran Wallace to help formulate a rescue plan
- The Shannon-based firm provides ground handling services for private jets and helicopters
- The loss of a key contract with JP McManus is thought to have put the business under pressure
- Westair has debts of about €3m
- Kieran Wallace has been appointed as process adviser under the Scarp scheme
A Shannon-based aviation services firm that is backed by well-heeled investors including former AIB chairman Lochlann Quinn has turned to Interpath’s Kieran Wallace to help formulate a plan to save the business. Westair Aviation provides ground handling services for private jets and helicopters. The loss of a key contract with billionaire JP McManus is thought to have put the business under pressure.
It is believed Westair has debts of about €3m including money owed to the Revenue Commissioners. Kieran Wallace has just been appointed as process adviser to Westair Aviation under the scheme designed to rescue small firms. A rescue plan under the Scarp scheme requires at least 60pc of creditors to vote in favour of a deal.
While Westair Aviation used to provide private aircraft charters with luxury jets and still lists two jets on its website it is understood it no longer provides such services and focuses solely on ground handling. Founded and controlled by chief executive Frank Moloney Westair Aviation has endured turbulent years including during the Covid pandemic when global aviation was virtually grounded. Westair has not filed accounts with the Companies Registration Office since 2022.
