Helloworld Travel CEO denies Hockey ‘owes me’ comment

Company News

by Rachael Jones

Helloworld Travel (ASX:HLO) CEO Andrew Burnes released a statement yesterday denying he organised meetings with Russell Carstensen and Joe Hockey.

In the statement it said: "I emphatically deny ever having told Mr Carstensen that Mr Hockey “owes me” or any words to that effect".

Labor had questioned whether Hockey, Australia’s ambassador to the US, had used his position to help a company for his personal benefit.

Mr Hockey was a shareholder in Helloworld, which holds the Whole of Australian Government (WoAG) accommodation and travel contract, at the time of the April 2017 Washington meeting.

The allegation was tabled at a Senate estimates hearing on Thursday afternoon.

Shares in Helloworld Travel (ASX:HLO) closed 0.58 per cent lower to $5.17 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.