Guernsey airline Waves has announced that its parent company, Waves Technologies, is going into voluntary liquidation.
The airline's owners say pressure from Waves’ recent Royal Court and Petty Debt judgments has forced the company into liquidation.
WO1, which includes the Waves aviation company, remains trading and hopes to confirm a trade sale over the next few weeks. It has not taken any bookings for flights since earlier this year.
Joint liquidators Carter Backer Winter, CBW (Guernsey) and agent SIA Group (UK) are in talks with potential buyers for WO1, with the hope of confirming a trade sale over the next few weeks.