Regional Express Holdings’ (ASX: REX) bold push to service capital city routes in competition with Qantas and Virgin has finally taken its toll with the company placed into voluntary administration and flights suspended. But while voluntary administrators have been appointed to five companies within the Rex Airlines group, regional Saab 340 services to areas such…
Rex Airlines has entered voluntary administration. Flights between capital cities have been cancelled but the airline says regional routes are still flying as scheduled. In a statement on the Rex website, it said Virgin Australia was offering to assist customers affected by the cancellations. While Rex says it’ll contact customers, the news has created uncertainty…
By HARRISON CHRISTIAN FOR DAILY MAIL AUSTRALIA Published: 15:36 AEDT, 18 December 2024 | Updated: 16:35 AEDT, 18 December 2024 The owner of two iconic
Rex Airlines has announced it has entered into voluntary administration with flights between major airports cancelled, and the Rex Group’s domestic fleet of Boeing 737 aircraft all grounded. A statement posted a short time ago to the Rex website says Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have…
A major Australian food and cooking supplies operator has gone into voluntary administration after almost four decades in business. The Essential Ingredient sells speciality ingredients, professional cookware, kitchen equipment, culinary books and more. It has been featured in Gourmet Traveller, Good Food, Broadsheet, The Australian Women’s Weekly, Country Style and on MasterChef. Know the news…
Australian regional carrier Rex Airlines announced that it has entered voluntary administration just weeks after its former chairman pushed to eject the company’s entire board after being voted out of his role. The announcement was made on July 30, 2024 by accounting and consulting firm Ernst and Young Australia, which was appointed Joint and Several…
Virgin Australia will honour the bookings of Rex passengers after the country’s third largest regional airline collapsed. Regional Express Holdings Limited went into voluntary administration on Tuesday evening, with the airline’s domestic fleet of Boeing 737 services now grounded. While flights between regional locations remain unaffected, flights between major domestic airports have been cancelled. Virgin…
Australian battery manufacturer Redflow has entered voluntary administration after failing to secure capital to upscale its X10 battery for larger projects. August 23, 2024 Ev Foley From pv magazine Australia Redflow, a brisbane-based zinc-bromine flow battery producer, has entered into voluntary administration after failing to secure capital to scale up its X10 battery to target…
High profile drone maker Swoop Aero has entered voluntary administration, one of its founders, Eric Peck announced today. The administrators are BPS Reconstruction and Recovery in melbourne, and were appointed on October 14, for Swoop Aero associate company Kookaburra Aerospace as well. “This was a strategic decision made by our board to protect the long-term interests…
A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers to augment their hearing, announced its move into voluntary administration late on Wednesday afternoon, appointing KPMG administrators to take control of the firm. “The decision…