Vanuatu has put its national carrier, Air Vanuatu, into voluntary liquidation, after it cancelled flights to Australia and New Zealand, leaving tourists stranded. The Pacific islands government made the decisions after representatives from accounting firm EY arrived in Port Vila on Thursday and conducted initial assessments of the airlines financials. The airline had cited extended…
In short: Air Vanuatu is in voluntary liquidation and Ernst & Young have taken control of the national airline. Authorities are unable to say when international flights will resume as passengers remain stranded in Australia and Vanuatu. What’s next: Ernst & Young says it is moving as fast as possible so that passengers can get home. Air…
An independent craft brewing business has been forced to wind up its operations two months on from being plunged into voluntary administration after financial difficulties. Deeds Brewing this week let customers know in a “sad announcement” that it was the end of the road for the Melbourne-based business after more than a decade. A post…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
An independent craft brewing business has been forced to wind up its operations two months on from being plunged into voluntary administration after financial difficulties. Deeds Brewing this week let customers know in a “sad announcement” that it was the end of the road for the Melbourne-based business after more than a decade. A post…