After news broke on Monday afternoon that Virgin was facing imminent collapse, the Velocity website crashed as members flooded the online store to redeem their points for products and gift cards before it was too late. By Tuesday morning the online store redirected to another page stating that “redemptions have temporarily been paused”. The company…
Star Entertainment needs money — urgently. The company has been walking a tightrope of financial difficulty for months and all signs point to the casino operator losing its balance and falling into administration this week, experts warn. It entered a trading halt on Friday after missing its deadline to report its half-year results to the…
The future of Australian low-fare carrier Bonza is in limbo with the airline announcing on Tuesday 30 April that it was entering voluntary administration and had grounded all its flights. In a fiercely competitive market, dominated by the likes of Qantas and Virgin, the airline, which launched in January 2023 had reportedly transported more than…