Crowdfunding for new Aussie airline called “Brad” to fall well short of $2.9m goal
No, we’re not messing with you – there is a new Aussie airline in the works called Brad. However, its chances of leaving the tarmac are looking slim.
Intrepid Travel secures $30 million federal government loan
Intrepid’s unique ability to assist the travel industry in its growth post-pandemic has been recognised in a big, big way.
Flight Centre, Velocity and Tourism Australia alumni back Travello’s $6.5m funding round
The Travello team have opted for the ‘casual Friday’ look in the accompanying press photo. We assume they’re also wearing Birkenstocks.
Here’s how much government grant money travel agents have been paid so far
Tourism Minister Dan Tehan has provided an update on just how much moolah has been paid out to travel agents as part of the government’s support package.
Key details emerge about government’s additional $130m for travel agents
by Huntley Mitchell
Several key changes have been made to the second round of the COVID-19 Consumer Travel Support Program. Get up to speed right here.
Victoria unveils support package for small businesses smacked by ‘circuit breaker’ lockdown
Small businesses in the tourism and hospitality sectors that were hit hard by the state’s snap five-day lockdown have been handed a $143 million reprieve.
More than $33m already paid to travel agents as part of government support package
Did you assume that the federal government’s agent support package was already oversubscribed? Well, it appears there’s still time to grab your share of the $128 million.
Rex seals $150m funding deal for launch of capital city operations
The regional airline is one step closer to being a fully-fledged domestic airline, thanks to the generosity of an Asian investment firm.
Corporate Travel Management raises $262m to help fund US acquisition
Much to the delight of CTM’s executives, investors have wasted no time snapping up newly-offered shares in the company.
Road & Rail
Apollo Tourism & Leisure secures $25m of additional funding
Here’s some much-needed positive news from an ASX-listed travel company that is now confident of surviving the pandemic.
Flight Centre gains access to additional funding to offset COVID-19 impacts
Skroo’s stress ball has scored a well-earned break after Flight Centre managed to secure some much-needed funding.
Expedia Group closes short-term rental business, commits more than $400m to partner recovery
by Huntley Mitchell
Similar to the yin and yang concept, we’re bringing a dose of good and bad news from Expedia Group today.
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