STUFF
Tourism businesses fear job losses could surpass 100,000.
Tourism businesses owed $3m by online travel agency Aoliday NZ Ltd have forced the company into liquidation.
Administrator Grant Thornton had recommended 130 creditors accept Aoliday’s offer to pay $284,000 while it chased up a major debtor in China.
But representatives from major operators such as Wayfare and Ngi Tahu Tourism, insisted on liquidation saying it would give a clear message to other agents who failed to pay their bills.
Grant Thornton liquidator David Ruscoe said they had identified the Chinese debtor and issued a demand for payment through their lawyers.
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Read the full article at: https://www.stuff.co.nz/business/121785910/online-travel-agency-aoliday-liquidated-over-3-million-debt