Buyers in for taste of adventure

At least four buyers are negotiating to buy adventure tourism wholesaler Suntravel, following the company's liquidation this week after almost 25 years in business.

Liquidator Graeme McDonald, of McDonald Vague and Associates, said he was hopeful a sale could be finalised quickly to save the jobs of some of the agency's 22 staff.

Mr McDonald said 400-500 travellers could be affected by the liquidation, many of them already overseas or booked on tours, mainly to Africa, South America, China and the Middle East.

But most would be protected by travel insurance which normally covered third-party insolvency or by bond schemes similar to that operated by the Travel Agents Association of New Zealand.

- Graeme Kennedy

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director
CHI - New customer contract to upgrade Marsden Point
Synlait announces changes to Board of Directors
May 1st Morning Report
Devon Funds Morning Note - 30 April 2024