Australian Treasury The Morrison Government has appointed Ms Julie-Anne Berry, Ms Natalie Bhardwaj, Ms Virginia Christie, Mr Sergio Freire, Mr Damian Mitsch and Mr Stephen Parbery as part-time members of the Insolvency Practitioner Registration and Disciplinary committees, each for a three-year period. The Australian Securities and Investments Commission convenes these committees to make decisions on…
Jetstar will bring more of its jets back home from Japan to boost its domestic fleet as it faces a delay of up to two years in the delivery of its new Airbus A321neo aircraft. The budget Qantas subsidiary was set to receive the first of the new single-aisle, long-range variant A321neo jets in August…
AN emergency meeting has been held with Greensill Farming staff on Wednesday morning, following parent company Greensill Capital being placed in voluntary administration earlier in the week. Despite the seemingly extremely bleak outlook for Greensill Capital, farm staff from the company’s Bundaberg and Wallaville operations are understood to have been told it’s farming as usual,…
Australia’s biggest insurance company has had a rocky day on the sharemarket, as the collapse of Lex Greensill’s finance empire continues to ricochet. Key points: The finance firm headed up by Australian billionaire Lex Greensill is in administration It follows speculation that insurance companies were refusing to renew policies Australia’s biggest insurance company says it…
Virgin Australia is keen to spread its wings and return to international flying when travel restrictions ease, with the airline mapping out the first destinations it plans to serve. Predictably, New Zealand is top of the list although a trans-Tasman travel bubble has already been mooted and delayed several times, with NZ continuing to keep…
The Australian share market is continuing its upwards trajectory as a prominent business survey shows confidence is rebounding. At 11:30am AEDT, the ASX 200 was up 0.6 per cent to 6,783 points. That is after the benchmark index closed 0.4 per cent higher on Monday. Stocks were boosted by the local currency trading down at…
UA Cinemas, one of Hong Kongs leading movie theater operators, has collapsed. The company said on Monday morning that it had applied for voluntary liquidation. UA Cinemas has always been committed to providing the highest quality of cinematic entertainment to all audiences in Hong Kong since it was founded in 1985 by Mr. Ira Kaye.…
Virgin Australia is keen to spread its wings and return to international flying when travel restrictions ease, with the airline mapping out the first destinations it plans to serve. Predictably, New Zealand is top of the list although a trans-Tasman travel bubble has already been mooted and delayed several times, with NZ continuing to keep…
Lex Greensills embattled Greensill Capital funding empire is down to just three board members in Australia after a raft of resignations, including two international directors and the chairman. Greensills chairman Maurice Thompson has resigned from the board along with former Morgan Stanley executive David Brierwood and US-based director Patrick Allin. Company records show they resigned…
A new airline is trying to muscle in on Australia’s ultra-competitive Sydney-to-Melbourne route, but its prospects of cracking the market open depends on who you talk to. Key points: Regional Express already flies to about 59 regional destinations However, it is expanding to include major metro markets Some argue Australia is unable to sustain a…