Rex Airlines enters voluntary administration – The Canberra Times
Rex Airlines enters voluntary administration The Canberra Times Read the original article here
EY comments on March 2024 Insolvency Service data
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: “The number of registered company insolvencies fell 17% year-on-year in March, however the number of company insolvencies remains higher than those seen during the pandemic and between 2014 and 2019. “Beyond the official data, we’re seeing an increase in activity across the restructuring spectrum, including…
Trips cancelled, parents owed thousands as company goes into liquidation – The Canberra Times
Trips cancelled, parents owed thousands as company goes into liquidation The Canberra Times Read the original article here
Rex enters voluntary administration, grounds 737s – Western Advocate
Rex enters voluntary administration, grounds 737s Western Advocate Read the original article here
62 new US corporate bankruptcy filings in May; consumer sector filings rise – S&P Global
62 new US corporate bankruptcy filings in May; consumer sector filings rise S&P Global Read the original article here
Fisker heads toward liquidation as creditors fight over assets – Reuters
Fisker heads toward liquidation as creditors fight over assets Reuters Read the original article here
Regional airline goes into voluntary administration
The future of Regional Express Airlines, or REX, is literally up in the air with the financially troubled carrier going into voluntary administration overnight. A notice posted on the airline’s website says all regional planes are still flying as scheduled, but jet services between capital cities have been cancelled. REX is still taking bookings in…
Corporate bankruptcies in Germany rise sharply
Germany has experienced an increase in corporate bankruptcies as 5,209 companies filed for insolvency in the first quarter, according to the Federal Statistical Office, or Destatis. The first three months of this year saw a 26.5-percent increase in bankruptcies compared to the same period last year and an 11.2-percent increase compared to 2020 before pandemic-related…
Merici College parents owed thousands question school after $17 million liquidation of ‘partner’ tour company
An Actura tour photo posted on the official Merici College Facebook page in July 2023, accompanied by a post that read: “Our NASA Junior Space school update: Day 2 – morning at the hotel for Opening Ceremony”. Parents of Merici College Canberra students left out of pocket by the sudden liquidation of an educational tour…
Regional airline goes into voluntary administration
The future of Regional Express Airlines, or REX, is literally up in the air with the financially troubled carrier going into voluntary administration overnight. A notice posted on the airline’s website says all regional planes are still flying as scheduled, but jet services between capital cities have been cancelled. REX is still taking bookings in…