The Liberal Vannin Party wants the Public Accounts Committee to investigate the collapse of airline EuroManx.

Earlier this month one of the directors of EuroManx, David Mills, was convicted and jailed for 15 years.

He was convicted of conspiracy, fraudulent trading and money laundering in connection with the HBOS fraud.

Mills was also chairman and director of island-registered EuroManx’s UK parent company Corporate Jet Realisations Ltd, formerly known as Corporate Jet Services Ltd, which held 99.9 per cent of the airline’s shares but went into receivership in 2007 and was wound up two years later.

CJS’s collapse is now being investigated by the Thames Valley Police detectives who headed the six-year long Operation Hornet inquiry into the HBOS fraud.

His connections with EuroManx were highlighted in the Manx Independent on February 9.

A statement from the Liberal Vannin Party reads: ‘Kate Beecroft and Peter Karran have been asking questions in the House of Keys since 2008 when EuroManx ceased trading owning the Manx Taxpayers over a million and a half pounds.

‘The unusual circumstances of the collapse of EuroManx in 2008 prompted LibVan MHK’s to ask the then Chief Minister and Treasury Minister for a full disclosure of the facts.

‘In May 2016, the then Minister for the Treasury, Eddie Teare MHK, was questioned by Peter Karran and Kate Beecroft to make a full disclosure of the Treasury’s role in the EuroManx affair.

‘When asked if he would support the Public Accounts Committee investigating EuroManx and Government’s conduct Treasury Minister Eddie Teare said, “I have no problem with the Public Accounts Committee having a look at it.”’

LibVan says it wants to see a ‘full investigation’ of all the evidence surrounding the EuroManx collapse and its involvement with the Treasury and government of the Isle of Man as ‘a matter of urgent public interest’.