iscover
Financial services firm Caspar, Balthazar & Melchior (CB&M) was sensationally called in as administrator overnight following days of speculation about the carrier’s future, with insiders criticising Claus’ decision to invest in an expensive 747 freighter for a seasonal-only business.
The commercial relief flights came alongside RAAF Globemaster III and C-130J Hercules carrying 568 holidaymakers, workers and other returnees back to Australia.
The latest BITRE data released from the Department of Transport for November also reveals the industry as a whole still lagged behind long-term averages for delays as post-COVID-19 problems continue.
Airline Team Global Express said transporting the pair required “months of detailed planning” and “international collaboration”, while a vet was also on board the aircraft to assist.
The fund, administered by Maurice Blackburn Lawyers on behalf of the Transport Workers’ Union, will compensate the 1,820 affected workers following a ruling by the Federal Court in October. Payouts will vary on a case-by-case basis.
CEO Alan Milne’s comments come after the AFR reported the Government is considering buying out investment firm PAG’s debt from Rex to have more say over the outcome of the administration process, which has been extended to the end of June 2025.
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
