Captain Daniel Lang says he is happy to have a job at his local supermarket after working as a pilot at Virgin Australia for the last 12 years. In a statement to the ASX this morning, the airline announced it had entered voluntary administration. “It’s been a very tumultuous time,” Captain Lang told Virginia Trioli.…
An Australian health food company is going into voluntary administration. Halo Food Co Limited – which manufactures health, nutrition and sports products in both sydney and melbourne – went into administration on August 24. David Hardy, Ryan Eagle and Emily Seeckts from KPMG Australia were appointed as the receivers of the company and its entities…
In short: There is uncertainty about which of St Hilliers’ construction projects will resume after the company went into administration. It owes up to $10 million to subcontractors and suppliers and potentially up to another $20 million in other debt. What’s next? The administrators have asked for a three-month extension before the next creditors meeting. The…
South Australia’s Beston Global Food Company (ASX: BFC) has been placed into voluntary administration in the latest blow to the Australian dairy sector, with the company blaming “exceptionally high operating costs” mostly from “onerous energy prices” as one of the reasons to call in the corporate doctors. The appointment comes a little over two weeks…
“Ten’s announcement today that it will enter voluntary administration is a wake-up call to opponents of media reform.”: Minister for Communications and the Arts, Mitch Fifield.Credit: Alex Ellinghausen During this period, operations would continue “as much as possible on a business as usual basis”. Viewers are unlikely to notice any immediate change to broadcasting and…
Struggling up-market Australian accessories label Oroton has gone into voluntary administration. The news comes after Lover announced on Monday it too had gone under. The 79-year-old handbag retailer has seen a few years of slumping sales resulting in a $14.2 million loss last year. The company announced this morning that after an eight-month review it…
A New South Wales bus manufacturer looks set to close after laying off more than 120 staff this week, with their union laying blame on the State Government’s decision to buy vehicles overseas. Key points: Custom Bus manufactures and assembles mass transport buses and coaches and has built some of the vehicles on the road…
One of Australia’s biggest battery technology hopefuls, Redflow, has been placed into voluntary administration in yet another blow to the country’s green industry ambitions. The brisbane-based company has been working for more than a decade on its flow battery technology – which has the advantage of longer duration and zero fire risk – but has…
The owners of sydney‘s Cross City Tunnel are blaming the New South Wales Government for the company having to be placed in voluntary administration. Cross City Motorway, which is owned by the Royal Bank of Scotland, EISER Infrastructure and Leighton Contractors, was placed in voluntary administration on Friday. It could soon be the second time…
The fashion brands David Lawrence and Marcs have been placed in voluntary administration. Administrator Rodgers Reidy’s director, Geoffrey Reidy, said the two brands would continue to trade while his team reviewed their operations before a planned sale of the businesses. The sole director of the companies operating the labels, Malcolm Webster, says it has been…