The future of one of the airlines servicing Newcastle Airport has been thrown into doubt. The budget carrier Bonza has now entered voluntary administration after cancelling all of its flights on the east coast of Australia on Tuesday morning. Passengers, including those travelling between Newcastle, the Sunshine Coast and Whitsundays, were left stranded when the…
DetailsThe low-cost airline Bonza entered voluntary administration on Tuesday, after abruptly cancelling all of its flights following the 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 Tuesday with no notice, as the…
DetailsNormal text sizeLarger text sizeVery large text size Bonza has entered voluntary administration after the company that owns its aircraft lessor tried to repossess its planes, leaving hundreds of travellers stranded across the country on Tuesday. Passengers wanting to fly from the Sunshine Coast, Melbourne, Gold Coast and Avalon arrived at the airports on Tuesday…
DetailsYOGYAKARTA – In the course of a business, there are many challenges that need to be faced to be able to progress or develop. If the business cannot survive the existing challenges, the company may go bankrupt or fail. There is a company procedure declared official bankruptcy or according to the Law (UU). However, companies…
DetailsNEW YORK – WeWork and its major financial backers including SoftBank Group have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal from co-founder Adam Neumann. WeWork has struck an agreement with senior lenders, who have agreed to provide the business with roughly US$450 million…
DetailsTech Adam Neumann got cut out of WeWork’s restructuring plan Geoff Weiss 2024-04-29T23:54:43Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link…
Details: RusAviaInsider Russias State Transport Leasing Company (GTLK) in its 2023 IFRS report has admitted the loss of 2.49 billion roubles as a result of liquidation of its two Irish subsidiaries last year. In compliance with IFRS 10, as a result of the May 31, 2023 decision taken by the High Court of Ireland ordering…
DetailsMultistate cannabis company MedMen leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities. MedMen announced on April 26 that it filed for bankruptcy under Canadas Bankruptcy and Insolvency Act on April 24. The business advisory firm B. Riley Farber Inc. was appointed as the companys bankruptcy trustee. The company…
DetailsFreedom Debt Relief is a national leader in debt relief solutions for consumers. The American Association for Debt Resolution accredits it and says the company will help people with at least $5,000 in debt in most states. According to a representative, around 55% of their clients see debt settlement negotiations in the first 60-90 days.…
DetailsInfarm entered Administration back in October 2023, getting into a legal process being managed by licensed insolvency practitioners known as administrators. These lawyers are appointed to protect Infarm’s interests, attempting to help the company survive or create the best outcome if liquidation becomes a feasible option. Yet, what has happened in the past five months?…
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