Rex enters voluntary administration, grounds 737s – Bunbury Mail
Rex enters voluntary administration, grounds 737s Bunbury Mail Read the original article here
Rex enters voluntary administration, grounds 737s – Daily Liberal
Rex enters voluntary administration, grounds 737s Daily Liberal Read the original article here
Rex collapse: Flights cancelled as Rex goes into voluntary administration
Workers have been hit with major job losses after the regional airline collapsed. Flights have been cancelled as the airline, under Regional Express Holdings Limited, went into voluntary administration on Tuesday. The airline’s domestic fleet of Boeing 737 services has been grounded in the collapse, while flights between major airports have been cancelled. But flights…
Popular drinks company Billson's collapses – The Standard
Popular drinks company Billson’s collapses The Standard Read the original article here
How can a former director respond to a DPN?
The Federal Court’s recent decision in Hall v CAP Security Services Pty Ltd [2023] FCA 1237 highlights an interesting and practical solution for former directors who receive a director penalty notice after their directorship has ended. Director penalty notices (DPNs) The Australian Taxation Office (ATO) can issue a DPN to the director of a company…
Taxpayer lifeline open for under-pressure airline Rex – The Northern Daily Leader
Taxpayer lifeline open for under-pressure airline Rex The Northern Daily Leader Read the original article here
‘It sucks’: Another home builder in liquidation – Gold Coast Bulletin
‘It sucks’: Another home builder in liquidation Gold Coast Bulletin Read the original article here
AAPA and Pel Air not involved in Rex Administration
Regional Express (Rex) subsidiaries Australian Airline Pilot Academy (AAPA) and Pel Air are not involved in the voluntary administration of airline operations announced yesterday. Rex Group directors have appointed Ernst and Young Australia as Joint and Several Voluntary Administrators, but the administration is limited to the airline and investment arms of Regional Express Holdings, which…
McGill and Partners launches self-contained coverage for corporate insolvency called SAIFElimits
McGill and Partners, the global boutique specialist (re)insurance broker, has launched a ready-made and self-contained coverage solution for corporate insolvency, known as SAIFElimits. This innovative offering is designed to seamlessly integrate into primary directors’ and officers’ (“D&O”) policies, automatically triggering coverage upon the occurrence of an insolvency event. SAIFElimits is specifically engineered to address the…
Evergrande’s liquidation could derail the Chinese economy and have global effects
A Hong Kong court has ordered one of China’s biggest property developers, Evergrande Group, to liquidate after it was unable to reach a restructuring deal with creditors over hundreds of billions of dollars it owes. Key points: Evergrande has been ordered to liquidate after failing to come up with a restructuring deal with creditors over US$300 billion…