Champion losses tallied

Champion losses tallied

MAGELLAN Travel Group has been confirmed as one of the major creditors of Adelaide-based Champion Travel, which had its ATAS accreditation cancelled in May this year (TD 13 Apr).

Figures obtained by Travel Daily confirm Magellan is owed almost $120,000, along with other creditors whose outstanding amounts have been tallied at more than $740,000.

Champion Group Holdings was wound up on 14 May, with a liquidator’s report showing debts of more than $400,000 to secured creditors and a further $327,748 to unsecured creditors.

Along with Magellan, those caught by the collapse include Sheraton Grand Mirage Resort, owed $70,932; Le Meridian Phuket Beach Resort, $58,636; Cairns Limousine Service, $10,364, Tropic Wings Tours & Charters, $7,748; Aussie Travel Cover, $5670; and QT Hotels, owed $4,122.

Champion also owes $4,431 to the Australian Tax Office and more than $384,000 to Westpac.

The company’s liquidation is being handled by Stephen James of BCR Advisory.

Based in the Adelaide suburb of Rose Park, Champion Travel was founded in 1991 and offered travel for individuals and corporate clients.

Its website remains online and says the company also offered conferences, exhibitions, golfing holidays and incentives.

Source: traveldaily