ACCC warns of higher airfares after Rex entered voluntary administration, stopped servicing Sydney-Melbourne-Brisbane routes

Voluntary Administration

The revelation comes in the latest report on domestic airline competition from the Australian Competition and Consumer Commission (ACCC) which found some relief for Aussie travellers in the first six months of 2024. Aussies saw a drop in airfares, reduced cancellation rates and better on-time performances, however the withdrawal of Rex from the sydney–melbourne–brisbane ‘golden…

Ten Sixty Four in voluntary administration

Voluntary Administration

West perth-based Ten Sixty Four has gone into voluntary administration after a tumultuous period for the gold miner’s board of directors. Ten Sixty Four advised the market today that it has entered voluntary administration with the company’s board of directors appointing PwC’s Martin Ford and Simon Theobald as administrators. The company’s ASX statement said the…