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    After STA Travel was liquidated, did the customers, the bank or the creditors get any money?
    2022-11-21

    The COVID-19 Pandemic hit the travel industry hard. Borders were closed, airline fleets were grounded, travel bookings were cancelled, and travel agents were overwhelmed with customers wanting refunds.

    Many travel agents closed their doors because travel bookings dried up.

    STA Travel was one. Across 27 stores in Australia, STA Travel operated as a travel agent, booking travel for customers as agent for travel providers, mainly airlines and tour operators.

    Filed under:
    Australia, Aviation, Banking, Company & Commercial, Insolvency & Restructuring, Leisure & Tourism, Litigation, Cordato Partners, Liquidation, Coronavirus, Insolvency, International Air Transport Association, Corporations Act 2001 (Australia), New South Wales Supreme Court
    Authors:
    Anthony J Cordato
    Location:
    Australia
    Firm:
    Cordato Partners
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