Virgin Australia continues flying as it enters administration

Virgin Australia has become the largest airline to fail amid the novel coronavirus pandemic that is driving the worst crisis ever faced by global airlines. The brisbane-based carrier entered “voluntary administration” — the Australian equivalent of bankruptcy restructuring — on April 21, Virgin Australia said in a statement. The process will allow the airline to…

Harris Scarfe placed into voluntary administration with 66 stores nationwide

Department store chain Harris Scarfe has been placed into voluntary administration. The $380 million retail chain, which employs more than 1800 staff, is best known in South Australia, Victoria and Tasmania but has 66 stores nationwide. Watch the video above Know the news with the 7NEWS app: Download today Arrow Deloitte Restructuring Services partners Vaughan…