Update on Parcelair JV Partner

02/07/2025 16:38 NZST, GENERAL

Freightways and Airwork Holdings Limited (Airwork), each through a subsidiary, are 50/50 joint venture partners in Parcelair Limited (Parcelair), that provides services to the Freightways network.

Freightways is aware of the appointment of receivers to Airwork and certain Airwork subsidiaries. The receivers have announced an intention for Airwork to continue to trade as a going concern. Freightways will continue to closely monitor the situation with Airwork and, if necessary, has a contingency plan which can be implemented on short notice and with minimal operational impact.

ENDS

For further information please contact:

Stephan Deschamps

Chief Financial Officer

Freightways Group Limited

Ph: +64 9 571 9670