Katherine Times

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Local News

Annie Hesse

School students in Australia have the right to free public education, but families living in remote and regional areas forced to educate their children via distance education have to fork out tens of thousands of dollars for their kids' schooling.

'Free' public education not free for kids living in the bush.

Families forced to fork out more than $50,000 for 'free' education

Air Commodore Pete Robinson says the fighter crash did not involve any other planes. Photo: (A)manda Parkinson/AAP PHOTOS

Defence and police are working to recover part of an Italian fighter jet that crashed in a remote part of the Northern Territory during military exercises.

War games resume as Italian jet crash recovery starts

Women return to the grassy hills of Alice Springs to call for more funding to address violence. Photo: HANDOUT/JESSE TYSSEN

Survivors of domestic violence, families of murdered women and advocates for change are gathering once again to call for greater action and support.

Raised hands in Red Centre as survivors call for change

Katherine remains in the grip of a crime crisis, with homes and businesses broken into regulartly. 

Crime crisis: 'Channel your frustration'

From the Mayor's desk

United States Marine Corps Marine Fighter Attack Squadron 214 Commanding Officer, Lieutenant Colonel Robert F. Guyette, at the controls of a RAAF F-35A Lightning II during Exercise Magpie Lightning.

Americans swoop in on Tindal

Federal Life Member and former President Rory Treweeke gave the conference opening speech. 

Federal ICPA Conference kicks off in Sydney.

Access to adequate education is students' right, not 'social welfare'

police sign.jpg

Woman dies after alleged assault

A new road - Corymbia Drive - has opened to provide access to Katherine's newest suburb. 

New road leads to 350 future residential blocks in Katherine

An Italian Typhoon has crashed near Darwin. 

Pilot 'in good spirits' after ejecting from plane.

'We train for this': Defence provides fighter jet crash update

News

Chris McLennan

Quintis’&nbsp;shareholders have signed off on a plan to keep the sandalwood producer afloat. With the support of secured creditors, McGrathNicol (the receivers) successfully&nbsp;proposed a Deed of Company Arrangement to the Voluntary Administrators that would see between $125-$175 million in new cash injected into the business to fund operations on a long-term basis. Last week &nbsp;the creditors voted for the Receivers’ proposed Deed of Company Arrangement to see the business emerge as a private company in a strong financial position and well placed to continue its strategy as the world’s leading marketer, producer and seller of sandalwood timber, oil and products. The creditor vote is an endorsement of the strategy to recapitalise the companies with between $125-$175 million in new cash to be injected into the business to fund operations on a long-term basis. The Receivers continue to work to complete the next steps in the recapitalisation process in anticipation of a late August 2018 completion date. Quintis owns large sandalwood plantations and an office in the Katherine area. Under the proposal, Quintis’ bond holders will recapitalise and acquire control of the subsidiaries of Quintis Limited and the entirety of the group’s business and assets. The proposal represents a&nbsp;favourable outcome for growers, employees and creditors as it preserves Quintis’ vertically integrated business model, the receivers said.

Quintis’&nbsp;shareholders have signed off on a plan to keep the sandalwood producer afloat.<br>

With the support of secured creditors, McGrathNicol (the receivers) successfully&nbsp;proposed a Deed of Company Arrangement to the Voluntary Administrators that would see between $125-$175 million in new cash injected into the business to fund operations on a long-term basis.

Last week &nbsp;the creditors voted for the Receivers’ proposed Deed of Company Arrangement to see the business emerge as a private company in a strong financial position and well placed to continue its strategy as the world’s leading marketer, producer and seller of sandalwood timber, oil and products.

The creditor vote is an endorsement of the strategy to recapitalise the companies with between $125-$175 million in new cash to be injected into the business to fund operations on a long-term basis.

The Receivers continue to work to complete the next steps in the recapitalisation process in anticipation of a late August 2018 completion date.

Quintis owns large sandalwood plantations and an office in the Katherine area.

Under the proposal, Quintis’ bond holders will recapitalise and acquire control of the subsidiaries of Quintis Limited and the entirety of the group’s business and assets.

The proposal represents a&nbsp;favourable outcome for growers, employees and creditors as it preserves Quintis’ vertically integrated business model, the receivers said.