voluntary administration

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.

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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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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’.

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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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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

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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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.

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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.

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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.

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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.

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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.

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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.

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