Former ACCC boss outlines potential Bonza reboot plan – Sky News Australia

Airlines for Australia and New Zealand Chair Graeme Samuel has outlined a potential process for Bonza to re-enter the market after it entered voluntary administration. On Tuesday, Bonza submitted paperwork to the Australian Securities & Investments Commission (ASIC) to appoint administrators to salvage the wreckage of its struggling business. Speaking to Business Now host Ross…

Bonza plunges into voluntary administration after passengers left stranded and planes towed – Yahoo Finance Australia

Low-cost airline Bonza has entered voluntary administration after passengers were met with signs saying their flights had been abruptly cancelled on Tuesday. People were left stranded as planes were repossessed, with vision showing them being towed from the tarmac. CEO Tim Jordan apologised as he advised all services were “temporarily suspended” while he determined the…

India Seeks Public Feedback to 7 Regulations Under IBC – India Briefing

Indias Ministry of Corporate Affairs has issued a circular inviting public comment on seven regulations associated with the Insolvency and Bankruptcy Code (IBC). Public feedback will be sought for a period of 30 days starting April 18, 2024. Indias corporate affairs ministry (MCA) has proposed regulatory changes on various aspects of the Insolvency and Bankruptcy…

Bonza enters voluntary administration after abruptly cancelling all flights across Australia – The Guardian Australia

The low-cost airline Bonza entered voluntary administration on Tuesday, after abruptly cancelling all of its flights following the repossession of its entire fleet that caught its CEO by surprise. Passengers were left stranded at a handful of airports when Bonza temporarily suspended all services due to be operated on Tuesday with no notice, as the…

Bonza enters voluntary administration after cancelling all flights – Sydney Morning Herald

Normal text sizeLarger text sizeVery large text size Bonza has entered voluntary administration after the company that owns its aircraft lessor tried to repossess its planes, leaving hundreds of travellers stranded across the country on Tuesday. Passengers wanting to fly from the Sunshine Coast, Melbourne, Gold Coast and Avalon arrived at the airports on Tuesday…