Queenstown's Red Bull-sponsored stunt plane operator is being threatened with liquidation by the Queenstown Airport Corporation, but its director says that will not happen.
The corporation has made an application to the High Court at Invercargill to put The Action Aerobatic Company Ltd into liquidation.
The company's director, Wayne Jack, of Auckland, who is also the director of Actionflite Ltd, operates the stunt plane in Queenstown.
He offers passenger rides in the Pitts Special aerobatic aircraft at $295 for 15 minutes, or $395 for 25 minutes.
A shareholder in Action Aerobatic is James Langley, of Hamilton.
It is understood both men are pilots based in Brunei.
Mr Jack told the Otago Daily Times by email he was overseas.
"There is quite a lot to QAC liquidation issue than meets the eye . . . QAC will not be liquidating The Action Aerobatic Company in fact, despite any advertisement," he said.
He referred other questions to Mr Langley.
Mr Langley would not comment until he had spoken to his lawyers.
The application, advertised yesterday, is to be heard in the High Court on July 29.
Corporation chief executive Steve Sanderson would not comment on the airport's tenants.
A former pilot for Action Aerobatic, who declined to be named, said he understood the company owed the corporation for landing fees and rent on the hangar.
He also said the company had ceased flying this year after another former pilot taxied the plane into a parked motorcycle.
The plane was under repair in Wanaka, he said.
The Companies Office website shows Action Aerobatic was previously in liquidation for one month in July 2004.
Liquidator Paul Jenkins said the company paid the debt and had the liquidation terminated by court order.
