Com Commission freezes Wings and Wheels assets
Issued 06 March 2008 /no 118
Commerce Commission freezes assets associated with Wings and Wheels over Waikato
The Commerce Commission today confirmed that it has obtained a court order freezing the assets of Hawker Holding, airshow.co.nz - Media Limited, airshow.co.nz Limited and Kenneth James Ross. The court order also prevents Mr Ross and the three associated companies from any further dealings with those assets. The matter will next go before the Auckland High Court on 12 March.
Mr Ross is the promoter of the air and car show, Wings and Wheels over Waikato, which was to take place at Hamilton's international airport on 7-9 March. Following cancellation of the show, and further information that came to light during the Commission’s investigation, the Commission became concerned that ticket holders, sponsors and exhibitors would not get back the refunds they may have been entitled to.
The court order protects identifiable funds paid to Mr Ross and the associated companies by ticket holders, sponsors and exhibitors, until the court is asked to reconsider this matter.
As the matter is now before the courts, there will be no further comment at this time.