The story
The Airwork group is one of New Zealand's oldest aviation companies. Airwork was first established in 1936 by aircraft engineers Charles and Arthur (Bill) Brazier as an aircraft maintenance company originally assembling Tiger Moth biplanes at Rongatai Airfield in Wellington. As the industry developed, Airwork moved into the engine overhaul business and in the 1970s became a listed company in which Brierley Investments built up a substantial shareholding. The business was purchased in 1984 by Hugh Jones and Alan Hubbard, and in 1988, Hugh Jones took control of the whole business.
Airwork Holdings Limited was listed on the New Zealand Stock Exchange (NZX) in 2013 with the code AWK at an IPO price of NZ$2.60 per share. Airwork's profit has increased 52% in the year ending 30 June 2014. In October 2016, Chinese Zhejiang Rifa Holding Group offered $5.40 per share for 75 per cent of the business. The offer closed in early March 2017 with 94.7 per cent shareholder acceptance. On 27 September 2017, Rifa Jair Company, a unit of Zhejian Rifa Holding group Co, made a full takeover offer for all fully paid ordinary shares of Airwork Holdings at a 21 percent premium to the closing price on 26 September 2017.
In January 2020, Airwork began services across the Tasman with the start of Auckland to Sydney flying in conjunction with FedEx.
In December 2022, Airwork sold its helicopter business to Salus Aviation.
On 2 July 2025, Daniel Stoneman, Brendon Gibson and Neale Jackson of Calibre Partners were appointed joint and several receivers of Airwork Holdings Limited (In Receivership).
In May 2026, ASL Airlines Australia.entered a conditional sale and purchase agreement (SPA) to purchase Airwork. A deal has yet to be confirmed.
From Wikipedia’s article on Airwork, shared under CC BY-SA 4.0.5
