Tourism
“Devastated”: CATO reacts to Tucan Travel’s collapse
CATO has acknowledged the UK and Australian-owned company’s 33-year contribution to the industry after it entered into voluntary administration.
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.
Wholesalers
Excite Holidays payout to creditors estimated to be more than previously thought
by Huntley Mitchell
Were you one of the unfortunate ones caught up in the wholesaler’s collapse earlier this year? Consider this a ‘must read’.
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.
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.
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.
Aviation
Virgin’s administrators reveal sale price to Bain, after rogue bondholders retreat
by Huntley Mitchell
The administrators of Virgin Australia have issued their all-important report to creditors, which fails to mention the number of late-night Uber Eats orders made by Vaughan Strawbridge and his team.
Travel Agents
STA Travel customers and creditors get the lowdown from administrators
by Huntley Mitchell
Customers and creditors of the collapsed STA Travel have been filled in on the company’s dire financial state by its locally-appointed administrators.
Aviation
Bondholders dealt big blow in their bid for Virgin Australia
by Huntley Mitchell
The hopes of Virgin Australia’s bondholders in blocking the airline’s sale to Bain Capital have been all but dashed following a Federal Court hearing.
Aviation
Virgin Blue co-founder and former execs back bondholders’ bid for Virgin Australia
Yes, there’s been yet another juicy development in the race to own Virgin Australia. All is revealed here.
Aviation
Tigerair scratched, thousands of jobs cut and a simplified fleet: Virgin Australia’s six-point blueprint for success
Have you been wondering what the hell Virgin and its future owner have been up to as the administration process nears the finish line? All is revealed here.
Aviation
Agent confidence “of paramount importance”: Virgin Australia bidder to honour pre-paid tickets
by Huntley Mitchell
Agents who sold pre-paid tickets for flights with the beleaguered airline have been given a much-needed shot in the arm by one of its bidders.