Joshua Dwyer and David Pike from Interpath Advisory were appointed Joint Liquidators of Jota Aviation Limited on 19 May 2022.
Jota Aviation was a former award-winning charter airline specialising in non-scheduled passenger air charters and freight air transport, operating from its base at London Biggin Hill Airport to destinations throughout Europe. Prior to suspending operations on 13 April 2022, Jota Aviation provided charter flights to a number of Premier League football clubs and other professional sports clubs.
Over the course of 2020 and 2021, the business faced challenges on multiple fronts. The Company’s passenger business was significantly impacted by the onset of the COVID-19 pandemic and subsequent restrictions on travel, while the post-Brexit Trade and Cooperation Agreement between the UK and the EU had a detrimental effect on its cargo business.
Despite significant efforts by the Company to raise new investment to implement its strategic growth plans, new investment could not be secured and the directors reached the difficult conclusion that it was in the best interests of creditors to take steps to place the Company into liquidation. Following the Joint Liquidators’ appointment, all 44 members of staff have been made redundant.
Joshua Dwyer, Managing Director at Interpath and Joint Liquidator, said: “Regrettably, the combined effects of COVID-19, the impact of Brexit on the Company’s operations and the uncertain economic conditions in the UK and Europe have had a profound impact on the Company’s ability to secure new investment and ultimately, continue to operate as a going concern. The Company’s liquidation highlights the continuing challenges facing operators in the civil aviation sector as they navigate a route to recovery. Our priority now is to assist the Company’s employees in making redundancy claims from the Government redundancy payments service and to realise remaining assets for the benefit of creditors.”