Budget airline Bonza has entered voluntary administration, little more than a year after its planes took off from Australian runways. The documentation was filed to The Australian Securities and Investments Commission on Tuesday. WATCH THE VIDEO ABOVE: Budget airline Bonza officially enters voluntary administration. Know the news with the 7NEWS app: Download today It came…
Hundreds of staff at an Australian restaurant chain have lost their jobs after its parent company fell into voluntary administration. The Botswana Butchery franchise, located in sydney, melbourne and Canberra, has ceased trading this week due to “significant cash losses”. The venues offer up-market dishes, including caviar, freshly shucked oysters, and a gold leaf-covered 1.6kg…
(PHOTO:Tennis Australia/Fiona Hamilton)Australian low-cost carrier Bonza entered voluntary administration on Tuesday, after cancelling all of its flights. Reports in Australia say the move came after repossession of its entire fleet that caught its CEO by surprise.Passengers were left stranded at a handful of airports when Bonza “temporarily suspended” all services due to be operated on…
IT’S a sad day for workers at Australia’s oldest chocolate maker, Victoria’s acting premier says, after Hillier’s was placed into voluntary administration. The company, founded in 1914 and which relocated from sydney to melbourne, will continue to trade and should be sold as a going concern. “This is a very sad day for Ernest Hillier,…
Celebrity chef George Calombaris’ restaurant empire is facing voluntary administration after it emerged last year staff were backpaid $7.8 million in wages and superannuation in 2017. Calombaris’ Made Establishment group, which employs about 500 staff at its 18 restaurants, will reportedly make a decision on whether or not it will go into administration after a…
A West Australian agricultural lobby group says it has been “let down by a very trusted employee”, as WA police begin investigations into financial misconduct at the Pastoralists and Graziers Association (PGA). “It’s been a pretty interesting experience,” PGA president Tony Seabrook said. “We found ourselves in a very embarrassing situation of having far too…
A melbourne confectionery manufacturer that has been operating for 60 years has collapsed into voluntary administration just months after being acquired by international investment firm Re:Capital. Betta Foods is home to liquorice brand Capricorn and also supplies ice cream cones, marshmallows and jelly lollies to major retailers including Coles, Woolworths and ALDI. Bruno Secatore, Daniel…
Above: Starleaton CEO Ben Eaton After yesterday’s open letter to the industry, Starleaton has provided further background on its business’ past, present, and future on the company’s website. “After navigating a challenging 2023, Starleaton, a leading wide-format provider, has successfully avoided liquidation, marking a pivotal moment with the implementation of a DOCA (deed of company…
sydney-based large format printer, Blow Up Imaging, has lived up to its name and imploded with the collapsed company now in the hands of administrators. Blow Up Imaging was established in 1993 and is owned by Tricol Pty Ltd (incorporated in 1976) and forms part of the WK Family Investments Group. Tricol Pty Ltd is now…
Beleaguered casino group Star Entertainment has barely enough cash to last until Friday and could be under administration as early as Wednesday. Insiders, who spoke on condition of anonymity, have told the ABC that Star’s directors have become increasingly nervous about keeping the ailing gaming group afloat in the absence of any debt refinancing or…