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Chapter 11 filings increase 42% YoY in April CFO Brew Read the original article here
Ascend Airways has axed all flights with immediate effect and will now surrender its UK Air Operator’s Certificate (AOC). The company was established in 2004 but traded under its current name for only three years. As a “wet-lease” operator, the airline provided aircraft to carriers including Oman Air, Air Sierra Leone and TUI Airways. Also…
A third-generation meat empire which once operated almost 25 stores has collapsed after more than 80 years, marking the second major Queensland family food business to fall within weeks. Jack Purcell Meats traces its roots back to 1943, when founder Jack Purcell opened a small shop in Northgate before building what became one of Brisbane’s…
A British travel firm that sold package holidays to Europe and Southeast Asia has collapsed into liquidation and will not be issuing refunds for cancelled trips. Regen Central LTD lost its Air Travel Organisers’ Licensing (ATOL) on January 13 and subsequently went into liquidation, according to the Companies House website. ATOL, a scheme administered by…
[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The move towards provisional liquidation of Dubai-based food conglomerate IFFCO Group marks one of the most significant corporate distress cases in the Gulf consumer sector in recent years, highlighting how mounting debt, shareholder complexities and geopolitical disruptions…
Hospitality liquidations up by almost 50%, worst March for liquidations in 11 years BusinessDesk | NZ Read the original article here
UK airline collapses into liquidation – all flights cancelled MSN Read the original article here
Right after tax season ended came something that companies were much happier to do the paperwork on: tariff refunds. On April 20, importers could start filing for IEEPA (International Emergency Economic Powers Act) tariff refunds, and many of them leapt at the chance. Small and large importers alike have used the new Consolidated Administration and Processing of Entries…
A planned airline that promised to transform green air travel has collapsed before carrying a single passenger. The eco-focused startup has now entered liquidation after failing to secure millions in funding. EcoJet Airlines, the Edinburgh-based company that aimed to become the world’s first electric airline, has formally entered liquidation. Paul Dounis and Mark Harper from…