Budget airline carrier Bonza has entered voluntary administration less than 18 months after launching its first passenger flights. Bonza announced its sudden collapse on Tuesday, leaving thousands of passengers stranded as the airline grounded its fleet across the country. Leading accountancy firm Hall Chadwick will act as administrators and assess whether the troubled carrier has…
The future of a company that owns high-end steakhouse Botswana Butchery and Asian restaurant chain White & Wong is uncertain, after an external administrator was appointed. New Zealand company Good Group announced its restaurants in sydney, melbourne and Canberra were in voluntary administration. BDO Australia, appointed as administrators, said Botswana Butchery restaurants were tradings as…
On 29 March 2023, West End Craft Brewery Pty Ltd, trading as Parched Craft Brewery, appointed Anne Meagher and David Stimpson of SV Partners as Voluntary Administrators with the view to selling the business through a structured process. The SV Partners team are focused on continuing trade as normal at the West End Brewery during…
Two years ago, the New Zealand steakhouse with an African name made an ambitious play for the Australian steakhouse market, alongside sibling restaurant White + Wong’s. Now the business is experiencing one of the biggest hospitality shake-outs of 2024. Save You have reached your maximum number of saved items. Remove items from your saved list…
Several “high-quality” parties have expressed an interest in taking over Virgin Australia, the administrators have revealed, as 1,300 of the airline’s creditors and observers including financiers, employees, unions and bondholders met via video link. Key points: Virgin Australia entered voluntary administration on April 21 owing almost $7 billion to more than 12,000 creditors Already several…
A major cinema chain in regional Australia has gone into voluntary administration after a horror 12 months where not even blockbuster movies Barbie and Oppenheimer could save it. Majestic Cinemas operates nine cinemas in regional NSW and Queensland. Locations include Nambour, Port Macquarie, Inverell, Nambucca, Wynnum, Kempsey, Singleton, Sawtell and Nelson Bay. The business went…
Budget airline Bonza has fallen into voluntary administration after passengers were left scrambling to find seats on planes following sudden cancellations. Flights to and from Bonza’s major hubs at melbourne Airport, Sunshine Coast Airport, and the gold coast Airport were cancelled in the early hours of Tuesday morning, plunging passengers’ travel plans into disarray. ASIC…
A major Western Australian building and engineering company has collapsed after its $350 million lifeline ended when another firm pulled out of a merger deal. On Monday, perth-based Clough Group went into voluntary administration after the takeover deal fell through, leaving its 1250 employees uncertain about their future. An Italian industrial construction group called WeBuild…
Stage Two of Bernborough Ascot, titled Poinciana House, was scheduled to be ready for occupation in mid to late 2024. In addition to 53 new apartments, alongside Doomben Racecourse, in the suburb, 6.5km northeast of brisbane‘s CBD, residents of the Stage 2 development are due to have a bowling green, indoor pool, a health and…
Low-cost airline Bonza has entered voluntary administration after passengers were met with signs saying their flights had been abruptly cancelled on Tuesday. People were left stranded as planes were repossessed, with vision showing them being towed from the tarmac. CEO Tim Jordan apologised as he advised all services were “temporarily suspended” while he determined the…