Tour agency STA Vacation, which has three retail outlets in distinct universities across Singapore, has ceased functions, following its mum or dad enterprise in Switzerland filed for insolvency previous month.
Its closure will have an impact on as numerous as 682 consumers who are mentioned as lenders, in accordance to a report by The Straits Periods.
On behalf of STA Journey, audit agency Deloitte and Touche issued a observe very last week that listed the probable creditors, with the biggest sum of S$84,088 (US$61,342) reported to be owed to an specific.
The detect also lists organisations, together with the Nationwide University of Singapore, Singapore Administration University, Nanyang Technological University, and Republic Polytechnic. Other named creditors are the CPF Board, the Esplanade, the Singapore Scouts Association and Singtel.
According to the report, quite a few college students who experienced booked flights with the journey company, these kinds of as for trade programmes, were impacted. Some have been given vacation vouchers right after their flights were cancelled amid the pandemic.
STA Travel offices in other nations this sort of as Australia and New Zealand have also been put in liquidation.