STA Travel in liquidation, owes $11 million

Mon, 28 Sep 2020

Budget travel agent STA Travel is in liquidation.Creditors today voted to place the company, which owes $11 million, into liquidation. It has been in voluntary administration since Aug. 25.Voluntary administrators from Deloitte, David Webb and Colin Owens, have been appointed liquidators. They said further investigations were required to trace the location of, and parties’ entitlements to, funds.“Because the international STA group has run a global treasury and finance function, this has meant that a lot of the necessary data and in...

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