Greensill chairman, board members jump ship – Sydney Morning Herald

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…

Regional Express begins Sydney-Melbourne flights amid ‘perfect’ pandemic opportunity – ABC News

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…

Abstract Entertainment in liquidation, owing almost $700,000 – The Music Network

Photo by Tim Mossholder on Unsplash Abstract Entertainment is winding up after entering voluntary liquidation. The promoter and event planning business owes close to $700,000 to 95 individual creditors spanning ticketing companies, musicians, radio networks, venues and promoters. Its related entity, Abstract Touring, is still trading, and recently announced the Belinda Carlisle Tour of Australia…

Collapse of Helloworld agencies prompt urgent warning from business restructuring expert Travel Weekly – Travel Weekly

The founder and CEO of an Australian restructuring advisory is urging struggling travel companies to urgently seek financial advice before JobKeeper is wound back. Last month, Mackay Goodwin was appointed to handle the voluntary administration process of JMW Travel, which traded as Victorian travel agencies Helloworld Monbulk and Helloworld Bentleigh, as well as Nexus Business…