administration

Aviation

Virgin Australia bondholders urged to sign up for class action

For those unfamiliar with financial lingo, a bondholder is someone that owns a bond distributed by a company, not a fanatic James Bond fan.

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Hotels

Construction halted at W Sydney and Ritz-Carlton Melbourne following Probuild collapse

The construction giant’s parent company has blamed the Australian government’s “hard-line approach of managing Covid-19” for its demise.

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Tourism

One of Australia’s largest hostel groups collapses into administration

Looks like backpackers may need to find somewhere else to play beer pong and fall out of bunk beds after a long night if this business can’t be resuscitated.

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Tourism

UK and Australian-owned tour operator collapses

by Huntley Mitchell

The company has specialised in adventure travel since 1987, offering more than 400 escorted group tours and tailor-made trips in over 70 countries.

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Destinations

Biden rushes to extend US travel restrictions after Trump signs order to lift European ban

Just in case the political climate in the US wasn’t terrifying enough, President Donald Trump has decided to lift travel restrictions for people who have recently been in Europe and Brazil.

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Aviation

New Virgin Australia CEO unveils airline’s future direction, as administrators offer parting remarks

Wondering what Jayne Hrdlicka and Bain Capital really have planned for Virgin now that the airline has taxied its way out of administration? All is revealed here.

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Aviation

Virgin Australia directors resign in droves

by Huntley Mitchell

Bain Capital is wiping the slate clean at Virgin, with many more departures announced.

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Aviation

Financial reporting and AGM pressure eases for Virgin Australia

The embattled airline has also launched a 20th birthday sale, with fares from just $69, along with a bunch of cheap tickets to and from Melbourne.

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Aviation

Virgin Australia boss Paul Scurrah to exit, replacement revealed

Numerous reports of Paul Scurrah’s imminent departure from Virgin Australia have finally been confirmed.

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Travel Agents

STA Travel placed into liquidation

by Huntley Mitchell

Administrators of the collapsed travel company have confirmed the inevitable, with the likelihood of a return to creditors not looking all that promising.

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Aviation

Virgin Australia to cut 150 head office roles, pauses JV with Delta Air Lines

by Huntley Mitchell

Virgin Australia’s imminent emergence out of administration continues to take shape, with the embattled airline flagging more redundancies.

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Aviation

All over, red rover: Virgin Australia’s creditors approve sale to Bain Capital

by Huntley Mitchell

The inevitable has been confirmed, with Bain Capital getting the tick of approval from creditors.

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