Stay on top of all of the latest news about Rex’s voluntary administration, plus its impacts on travel and the travel industry in one place, right here. We’ll continue to refresh stories about Rex Airlines as they come to hand, so be sure to check back for the most current and accurate travel industry updates.…
Monster company collapses owing $80m news.com.au Read the original article here
In short: The Federal Court has granted Bonza administrators a two-month extension to find a solution for the embattled airline. Staff who remain stood down without pay say they’re desperate for money and can’t accept other jobs without risking their entitlements. What’s next: Administrators say employees and other creditors will be better off if the company avoids going into liquidation.…
The federal government will guarantee all regional flight bookings for customers of Rex during its administration process over the next month. Administrators were appointed to oversee Rex after the airline collapsed in late July, resulting in about 600 job losses. Federal Transport Minister Catherine King said the regional flight guarantee would provide certainty for Rex’s…
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Andrew Bayly’s big move: Companies Act to get a makeover BusinessDesk Read the original article here
Booktopia co-founder Tony Nash. Source: supplied. Australian online book retailer Booktopia has entered voluntary administration, following a first-half revenue downturn and struggles to secure additional funding. The ASX-listed company on Wednesday appointed McGrathNicol restructuring partners Keith Crawford, Matthew Caddy, and Damien Pasfield as voluntary administrators. The administrators are “undertaking an urgent assessment of Booktopia’s business…
The tax office is chasing more than $34 billion worth of debts owed by small businesses and self-employed Australians that were put on hold during COVID, and sometimes using aggressive enforcement action to collect the money, which experts say is sending some businesses to the wall. Some experts are predicting that the rate of insolvencies…
By Brett Lackey For Daily Mail Australia Published: 15:03 AEST, 10 August 2024 | Updated: 15:11 AEST, 10 August 2024 A South Australian residential building company has collapsed leaving 20 homes unfinished and more than 80 creditors with significant unpaid bills. Adelaide Designer Homes has gone into liquidation which is being handled by Anna Agostino…
Booktopia collapses into voluntary administration 9News Read the original article here