MoneyBestjet administrator Pilot Partners under fire over discrepancies in meeting minutes

10:35  11 january  2019
10:35  11 january  2019 Source:   msn.com

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Pilot Partner allows general aviation pilots to track their currency, flight totals, run insurance reports and more. Pilot Partner Electronic Flight Logbook will track your instrument currency in accordance with FAA FAR 61.57.

Pilot Partners is a Brisbane chartered accounting firm. With partners like Nexia International we provide specialist Click here for the latest information regarding the the voluntary administration of Bestjet Travel Pty Liability limited by a scheme approved under Professional Standards Legislation.

Bestjet administrator Pilot Partners under fire over discrepancies in meeting minutes© Supplied The circumstances around Bestjet's collapse are being investigated.

The administrator of collapsed online travel agency Bestjet is under fire after claims of discrepancies in the minutes of its first creditors meeting.

As exclusively revealed by nine.com.au, Bestjet and its subsidiaries Wynyard Travel and Budget Travel were placed into the administration of Brisbane chartered accounting firm Pilot Partners on December 18.

ASIC yesterday published the minutes of Pilot Partners’ first creditors meeting, held in Brisbane on January 2.

In those minutes, the administrator said the former owner Rachel James still had a 50 per cent stake in the busted online travel agency after she sold it to McVicker International in November last year.

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Administrators , Brisbane accounting firm Pilot Partners , are investigating the mysterious circumstances around the sale and collapse of Bestjet . According to the January 2 meeting minutes , Bestjet director Robert McVicker claimed he was owed .2 million by Sabre, a global

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“There is evidence that 50 per cent of the shares were held on trust for Mrs Rachel James,” the minutes state.

But creditors who attended the January 2 meeting have told nine.com.au Mrs James’ 50 per cent share was never discussed.

Nine.com.au has seen an email sent by creditors to Pilot Partners' administrator Nigel Markey demanding clarification about this “anomaly” in the minutes.

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Bestjet Travel Pty Ltd ( Administrators Appointed) – Outcome of First Meeting of Creditors. On 18 December 2018, Nigel Markey and Bradley Vincent Hellen of Pilot Partners , were appointed as Voluntary Administrators of Bestjet Travel Pty Ltd, Brooklyn Travel Pty Ltd and Wynard Travel Pty

In some cases, meeting minutes can act as a reference point, for example: when a meeting ’s outcomes impact other collaborative activities or projects within the organization. Once the meeting is over , it’s time to pull together your notes and write the minutes . Here are some tips that might help

Bestjet administrator Pilot Partners under fire over discrepancies in meeting minutes© Supplied Michael and Rachel James. “At NO time did you or anyone else mention that Ms Rachel James had retained any of the shares, that she had retained these shares ‘on trust’, and at no time did you mention that anyone had retained 50 per cent of the shares,” the email from creditors states.

“As these minutes are supposed to be a true and accurate account of what had been said or discussed at this meeting, please explain this anomaly.”

Nine.com.au has contacted Pilot Partners for comment.

According to a “current and historical company extract” document on the ASIC website, McVicker International acquired Bestjet in a 100 per cent share transfer.

Administrators from Pilot Partners are set to meet with members of the Creditor's Committee this morning about the online travel agency’s collapse.

An estimated 10,000 Bestjet customers are out of pocket after it went under.

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Bestjet administrator Pilot Partners under fire over discrepancies in meeting minutes© Provided by Nine Digital Pty Ltd Now to an estimated 10,000 Aussies who’ve been left out of pocket by a popular budget travel site that’s gone bust. Pilot Partners say creditors are, at this stage of its investigations, owed about $7 million. Insiders say this is likely to blow out to between $20 and $30 million.

An ASIC spokeswoman told nine.com.au anyone concerned about the administrator of Bestjet should lodge a report of misconduct via the ASIC website.

“Anyone alleging concerns about possible lodgement of false documents with ASIC is also encouraged to lodge a report,” she said.

“ASIC can then consider these concerns.”

Mrs James founded Bestjet just weeks after her husband Michael James’ airline, Air Australia, collapsed in 2012 with debts of up to $100 million.

Mr James is listed as a “priority creditor” in Pilot Partner’s report to creditors.

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