BrisConnections driven into receivership – ABC News

The operator of brisbane‘s AirportlinkM7 toll road has gone into receivership, after failing to reach a restructuring agreement with its lenders. BrisConnections today went into voluntary administration, with the company appointing McGrath Nicol as the administrators. The move followed an announcement in November last year that the company’s board felt the enterprise value of BrisConnections…

Shipbuilder collapses into administration after fire

brisbane-based shipbuilding company Aluminium Boats Australia has collapsed into voluntary administration following the loss of one if its navy vessels in a massive fire earlier in the year.               The company is the latest Australian manufacturing company to collapse, with FTI Consulting Group’s John Park and Kelly Trenfield appointed as administrators on Tuesday. A statement provided…