Eraring-extension would reward Origin for mismanagement | Why the 'confession season' may surprise investors | John Symond selling mansion for $200m-plus

Good afternoon,

Major coal plant owner Delta Electricity has slammed a pending deal by NSW to extend a rival coal station, saying it amounts to financial reward for the company’s mismanagement of the facility.

Qantas says it has resolved an issue with its mobile phone app that allowed customers to access flight bookings and frequent flyer account details of other travellers.

Businessman John Symond is selling his famed Wingadal mansion on Sydney Harbour for more than $200m, which is expected to break national records.

The Australian sharemarket closed in the red following losses on Wall Street ahead of the Federal Reserve's rate call. The ASX 200 dropped 1.2 per cent to 7,569.9 points on Wednesday, with all 11 sectors losing ground, led by energy and mining stocks. The All Ordinaries also fell 1.3 per cent to 7,831.9 points.

The Big Read

Bonza, like OzJet, Air Australia and Compass, is the latest to make a hard landing on Australia’s scrap heap of aviation. Unlike some – Virgin Australia, and even Ansett albeit briefly, Bonza is unlikely to take to the skies again.

Weeks of financial uncertainty came to a head on Tuesday after administrator Hall Chadwick was appointed to Bonza’s two main operating companies. This followed a morning of chaos whereby the airline start-up had its fleet of four Boeing 737s repossessed, and passengers and even staff were left high and dry.

Eric Johnston

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