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…
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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…
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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…
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In yet another blow to Australia’s construction industry, St Hilliers has gone into voluntary administration. The company’s portfolio includes major military, health and education projects. Glenn Livingstone and Alan Walker of WLP Restructuring were appointed as administrators of seven entities within the St Hilliers group of companies on Sunday. Know the news with the 7NEWS…
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A building company that collapsed suddenly with $10 billion worth of government projects could have been in trouble months before it went under, a report to creditors has revealed. perth-based Clough Group went into voluntary administration in December. It completed industrial projects in the energy, resources and infrastructure sector, with projects such as the Federal…
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Rex Airlines enters voluntary administration Published 31 July 2024, 11:05 am Hundreds of workers have lost their jobs after regional carrier Rex Airlines was placed into voluntary administration. While regional routes will continue to operate, flights between major cities have been axed and it’s expected more than 600 employees will be made redundant. Continue reading…
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A sydney wedding dress company has been ordered to back-pay $21,604, plus superannuation and interest, owing to four workers. The federal court on December 12 imposed a $30,000 penalty on 10 Foster St Pty Ltd, formerly known as George Elsissa Pty Ltd, which operated a design studio and bridal store in Leichhardt, in Sydney’s inner…
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One of Australia’s largest contemporary multi-arts centres has gone into voluntary administration as the industry is hit hard by the COVID-19 pandemic. After being forced to close in late March and standing down almost half its core staff in mid-April, Carriageworks in Sydney’s inner city has this morning, Tuesday, May 5 announced the appointment of…
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Major Australian retailer Mosaic Brands has entered voluntary administration, putting thousands of jobs at risk. The company — which is behind brands including Rivers, Katies and Millers — announced the move on Monday. The news comes after the fashion retailer last month said it was axing five of its businesses and closing more than 200…
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“Today has been the last day of Doughnut Time,” Victoria state manager Vanessa Gaddi-Chmielewski wrote in an email supplied to the ABC. “I just received news from Dan [Strachotta] that the deal with the new company has been blocked by Damian. “He will not sign the Doughnut Time trademark to Dan. “As a result, the…
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