Breakaway agent owes IATA $425K

Breakaway agent owes IATA $425K
By admin


The collapse of New South Wales-based Breakaway Fairfield has left the International Air Transport Association (IATA) chasing $425,000, a creditors’ meeting heard today.

The debt was revealed as a potential buyer emerged for the failed agency, which was owned by Joseph Sammut, a shareholder of the Breakaway Travel franchise.

The liquidators declined to reveal the name of the possible buyer, but sources told Travel Today that Jeff Hakim, managing partner of Travel Partners and the founder of TravelManagers, was among the interested parties.

Breakaway Fairfield is part of a company called Rokaca, which also includes Bravo, the air consolidation business.

Glen Wells, chief executive of the Travel Compensation Fund (TCF) said this morning that five more claims had arrived overnight, taking total consumer claims to “in excess of $70,000”.

Chartered accountant and business advisor Hall Chadwick has been appointed liquidators of the firm.

The demise of the company has sparked nervousness in some quarters with Jetset Travelworld Group set to review its commercial relationship with Breakaway Travel franchise. It is unclear if JTG, or its Air Tickets business, is among the list of creditors.

It also emerged that Adrian Caruso, chief executive of consultancy firm TAfastrack, has lodged a statement of claim in the New South Wales local court, alleging the franchise owes $24,000 in unpaid bills.

George Vella, Sammut’s business partner in the Breakaway Travel franchise, told Travel Today yesterday that he would take sole ownership of the franchise and that it was business as usual.

Latest News

  • News

Collette special offers across peak northern summer season

Global tour operator Collette has announced a series of special offers on selected dates across a range of tours in the peak northern hemisphere 2024 summer season. Greece The offers include ‘Greece & Its Islands’ features classics such as the Parthenon as well as the picturesque islands of Mykonos and Santorini. A saving of $700 […]

  • Aviation
  • News

Air India and All Nippon codeshare between the two countries

Air India and All Nippon Airways have signed a codeshare agreement connecting their networks. The new commercial partnership will provide more travel opportunities for customers of both India’s leading global airline and the largest Japan’s largest carrier. Effective from 23rd May, the Air India and All Nippon Airways agreement will see passengers fly to their […]

  • News

A&K offers minimum 18 weeks paid parental leave

A&K Travel Group will now provide a minimum of 18 weeks paid parental leave for both care-givers, setting a new standard for the travel industry. By providing 18 weeks of paid time off for all new parents, regardless of gender, A&K Travel Group is not only enabling parents to spend valuable time with their newborns […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]