Budget airline Air Australia has gone into voluntary administration amid claims it was paying foreign flight attendants as little as $90 a day. The airline’s entire fleet was grounded early this morning after administrators discovered there was no money to meet basic operational expenses. Around 4,000 passengers are believed to be either stranded overseas or…
By Scott Murdoch and Himanshi Akhand AUSTRALIA’S Star Entertainment is selling its half-share in a brisbane entertainment complex to its Hong Kong partners for A$53.0 million ($33.37 million), in a last-minute bailout for the cash-strapped casino group. Star has been trying to navigate mounting pressures to avoid voluntary administration. Its ASX-listed shares have been suspended as it has…
Women’s fashion brand Bardot, which is headquartered in a historic Abbotsford warehouse on the banks of melbourne’s Yarra River, has entered voluntary administration. The clothes maker and retailer employs about 800 staff and trades from 72 Australian stores. Its competitors include local outfits Witchery, Sportsgirl and Country Road – as well as international brands, H&M…