Tourism

How an insolvent travel industry giant got back on track

Submitted by admin on Thu, 03/02/2023 - 01:51

How can a grounded business fly high again?

The HNA Group was already struggling when COVID-19 compounded its debt crisis.

It had seemed like an expansionist success story. Starting out as a one-aircraft operator in China’s southernmost province of Hainan in 1990, HNA became the country’s fourth largest airline after a decade of highly leveraged acquisitions.

Robyn Duggan

Robyn brings almost 40 years of experience in corporate restructuring and insolvency across a wide range of industries including complex corporate investigations, investigating accountant roles, expert witness roles, asset tracing, trade-on monitoring and business rationalization / realisation.

Robyn has a strong technical background and a passion for learning and development and uses those skills to support the ongoing development of the national TRS team.

How to sell a travel business when no one is traveling

Submitted by admin on Fri, 08/20/2021 - 05:18

How do you rescue a grounded airline when everything is up in the air?

EY-Parthenon was appointed to handle Flybe’s administration after a build-up of pressure on the struggling airline.

The past 18 months have certainly been challenging for the travel industry, but it was events prior to the pandemic that led to the EY-Parthenon Turnaround & Restructuring Strategy team working with Flybe for the first time.