Clive Palmer's jet to be sold after MP's company put into liquidation

Wednesday, 24 Feb 2016 04:33:30

Creditors of Mr Palmer's aviation company met yesterday in Sydney and decided to put it into liquidation. (AAP: David Sproule/Crook Group)

Administrators have moved to sell assets owned by companies belonging to federal MP Clive Palmer, including a Bombardier Global Express aircraft that is the property of Palmer Aviation, which owes $26 million.

Creditors of Mr Palmer's aviation company met yesterday in Sydney and decided to put it into liquidation.

Liquidators FTI Consulting said the process would start in March.

Mr Palmer's cattle property, Mamelon Station, located north of Rockhampton, will also go under the hammer next month.

FTI Consulting said the proceeds from the sale of property would go toward the cost of running of the federal MP's Queensland Nickel refinery at Yabulu near Townsville, which is currently under voluntary administration.

It said cash flow for the refinery was a critical issue.

View down the inside of Clive Palmer's jet of Clive Palmer sitting with his shoes off and feet up on one of the chairs.

Photo: Clive Palmer (right) sits in his $70 million Global Express jet with media adviser Andrew Crook (left) in 2013. (AAP: Dave Hunt)

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Clive Palmer's jet to be sold after MP's company put into liquidation

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