Thai owner of Miss Universe goes bankrupt

JKN Ms Jakrajutatip has been outspoken about her experiences as a transgender woman The Thai owner of the Miss Universe pageant, which was once part of former US president Donald Trump’s business empire, has filed for bankruptcy a year after buying it for $20m (£16.4m). JKN Global Group has said it would try to resolve…

Australian Airline Rex Enters Voluntary Administration

Australian airline Rex has entered into voluntary administration, the second domestic airline to fail this year in a market dominated by Qantas Airways Ltd. Regional Express Holdings Ltd., as Rex is formally known, has appointed Ernst & Young as administrators, according to a statement on Tuesday. Domestic flights on Rex’s fleet of Boeing Co. 737…

Company behind Miss Universe competition JKN Global Group files for bankruptcy

The company behind the global Miss Universe competition has filed for bankruptcy just a week out from its international beauty pageant. Overnight, Thailand-based JKN Global Group submitted a petition for “business rehabilitation” into a Thai court. That’s the nation’s equivalent of declaring bankruptcy and securing the protections that come with it, including urgently restructuring the…