Advise Helena of what she should do, and her legal rights and liabilities. Wings Away Airlines
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Question:
Advise Helena of what she should do, and her legal rights and liabilities.
Wings Away Airlines Ltd (WAA) is a regional airline operating in Victoria. It is in financial trouble. As a result of Covid 19, it grounded half of its fleet, and they remain grounded.
WAA also provided a very generous loan to one of its subsidiary company, Fledgling Pty Ltd, 12 months ago which was approved by the board.
The company's insurance premium is $250,000 per annum and is due to be paid by the end of the month.
Helena is the Chair and Managing Director of WAA and urgently seeks your advice.
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