Black Hops Brewing, an acclaimed Australian brewery stocked in bottle shops across the country, has decided to enter voluntary administration due to escalating tax debts. The move comes as a shockwave amid a surge of breweries facing similar financial strains, marking a significant setback for the company’s operations. The gold coast Bulletin reported on Thursday…
Thousands of Rex customers are scrambling to find new flights after the airline went into voluntary administration and cancelled trips between major city airports. However, Rex’s regional flights are operating as usual and a rival airline has chipped in to help get its capital city route customers onto alternate flights. WATCH THE VIDEO ABOVE: Rex…
Shares in Star Entertainment have been suspended from trading on the stock exchange after it failed to lodge its financial results. Exchange operator ASX automatically suspended shares in Star on Monday morning after the casino operator missed Friday’s deadline for issuing its earnings update for the first half of the financial year. The future of…
In short: Bonza’s fleet of 737-Max 8 aircraft is being relocated overseas after the owners terminated the airline’s lease agreement. Administrator Hall Chadwick attempted to negotiate a short-term agreement with the lessor to get the airline up and running again but was unsuccessful. What’s next: The first creditors’ meeting will be held on Friday, May 10 as the administration…
Twenty Carl’s Jr. restaurants will immediately close after its Australian licensee entered voluntary administration. David Hardy, George Georges and Emily Seeckts from KPMG Australia were appointed administrators of CJ’s Group on Monday. According to a statement from KPMG, the administrators have assumed “day-to-day control” of the company and are undertaking an “urgent assessment of the…
Virgin has nestled into the gap left by Bonza going bust with a heap of deals into the gold coast. A sale announced on Monday only applies to Tuesday, Wednesday and Thursday flights to/from sydney, melbourne, Adelaide and Canberra but for dates between June and December. With no checked baggage included, fares start at $69…
In yet another blow to Australia’s construction industry, St Hilliers has gone into voluntary administration. The company’s portfolio includes major military, health and education projects. Glenn Livingstone and Alan Walker of WLP Restructuring were appointed as administrators of seven entities within the St Hilliers group of companies on Sunday. Know the news with the 7NEWS…
A building company that collapsed suddenly with $10 billion worth of government projects could have been in trouble months before it went under, a report to creditors has revealed. perth-based Clough Group went into voluntary administration in December. It completed industrial projects in the energy, resources and infrastructure sector, with projects such as the Federal…
Rex Airlines enters voluntary administration Published 31 July 2024, 11:05 am Hundreds of workers have lost their jobs after regional carrier Rex Airlines was placed into voluntary administration. While regional routes will continue to operate, flights between major cities have been axed and it’s expected more than 600 employees will be made redundant. Continue reading…
A sydney wedding dress company has been ordered to back-pay $21,604, plus superannuation and interest, owing to four workers. The federal court on December 12 imposed a $30,000 penalty on 10 Foster St Pty Ltd, formerly known as George Elsissa Pty Ltd, which operated a design studio and bridal store in Leichhardt, in Sydney’s inner…