An iconic Australian linen retailer has collapsed after almost 40 years. Lorraine Lea Linen entered voluntary administration on Monday, appointing Andrew Yeo and Tim Bradd of insolvency firm Pitcher Partners melbourne as administrators. “Lorraine Lea Linen is an iconic National brand that many Australians have in their homes,” Yeo told 7NEWS.com.au. Know the news with…
Worrells perth principal Mervin Kitay. A judge of the Supreme Court of Western Australia yesterday delivered a useful decision in respect of questions of indemnification and priority against assets when a voluntary administrator is appointed to a legal partnership. In this case Worrells Perth principal Mervin Kitay had been appointed administrator of Dwyers Legal Pty…
Rex flights between Hobart and melbourne have been indefinitely cancelled as the airline grounds its entire Boeing 737 fleet and enters voluntary administration. This decision follows the company’s halt in bookings for the route on Tuesday afternoon and the suspension of share trading yesterday. Passengers booked to travel between the two cities and other Australian…
Rex passengers facing flight switches after the regional airline went into voluntary administration are urged to not try to organise their new trips at the airport. The company confirmed the news in a statement on Tuesday night, following mounting speculation after it suspended share trading on the ASX on Monday. Flights between major airports have…
Darlinghurst Theatre Company (DTC) announced last week that it was entering into voluntary administration. The sydney staple, affectionately nicknamed the “Darlo”, has been housed in the Eternity Playhouse since 2013. Jonathon Keenan and Peter Krejci of BRI Ferrier have been appointed Joint and Several Administrators of the Company and have halted all trading and events.…
There is uncertainty about the future of Rex – Australia’s third-largest airline – after it entered voluntary administration and grounded all of its flights between capital cities. The Albanese government held crisis talks with Rex on Tuesday and appeared willing to step in to save parts of the airline’s operations. While Rex jet services between…
Rex flights between major cities, including the gold coast have been grounded after the airline was placed into voluntary administration. Shares in the airline were placed in a trading halt on Monday as speculation mounted that the airline was in trouble. Rex confirmed on Tuesday night that it had called in Ernst and Young as…
Summary Dreams shattered: Both Bonza and Rex failed to break into Australia’s airline duopoly, met with closure. Rex administration: Domestic flights grounded, Virgin Australia offers rebooking for affected customers. Uncompetitive duopoly: Qantas and Virgin Australia prices likely to remain high after Bonza and Rex exits. In just three months, the two airlines that had the…
There has been a run a good news stories out of Western Australia’s beer scene in recent weeks, but that run has been broken with Margaret River-based Black Brewing Co entering voluntary administration. The brewery in the heart of wine country on Caves Road, which also runs Dune Distilling, is closing its restaurant tomorrow (June 15)…
The Transport Workers Union says administrators of Rex Airlines expect up to 610 jobs to be axed after the carrier entered into voluntary administration. Its fleet of Boeing 737 jets, which provide services between the major capital city airports, have all been grounded. Rex’s regional services will continue to operate. A statement posted to the…