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…