Rex Airlines Voluntary Administration, 600 Jobs Cuts and Flight Cancellations

Voluntary Administration

sydney– Regional Express (Rex), Australia’s third-largest airline, has entered voluntary administration, grounding all flights between capital cities. The decision follows an emergency board meeting on Tuesday evening (July 30, 2024), marking a significant disruption in Australia’s aviation sector. Photo: By Robert Myers (CC-BY-SA 3.0 AU), CC BY-SA 3.0 au, https://commons.wikimedia.org/w/index.php?curid=99464793 Rex Voluntary Administration The airline…

Cricket tour company insolvent for three years before collapse

Liquidation

Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…

Shareholder consortium saves Black Hops Brewing

Voluntary Administration

Black Hops Brewing has been saved from liquidation, with a consortium of existing shareholders and other fans of the brewery stepping in to acquire it. It was announced in early April that the gold coast-based brewery had entered into voluntary administration, with Deloitte Turnaround & Restructuring heading up the financial restructuring. Up until last week,…

STARLEATON UNDER ADMINISTRATION – Print21

Voluntary Administration

By Wayne Robinson | 22 January 2024 Industry hardware and consumables supplier Starleaton is in voluntary administration, with Simon Cathro and Andrew Blundell of Cathro & Partners, sydney, now in charge. Starleaton in administration: Ben Eaton Creditors are invites to contact Cathro and Blundell to lodge claims for outstanding invoices, with a first meeting of…

Major Melbourne company collapses owing $29m

Liquidation

An Australian manufacturer, with sites in the US and Malaysia, has collapsed owing a staggering $29 million. The 60-year-old company, called Camatic Pty Ltd and trading as Camatic Seating, designed, manufactured and installed seating in stadiums, arenas, cinemas, theatres, educational institutions and transit areas around the world. On its website, the firm boasted it had…

Famed Sydney craft beer bar closed indefinitely

Liquidation

The former tenant of Sydney venue The Taphouse has gone into liquidation with debts totalling almost half a million dollars while the property’s owner is currently seeking a new occupant for the award-winning craft beer bar. On May 23 at a general meeting of the members of the Taphouse Hotel Darlo Pty Ltd it was…