Bonza has entered voluntary administration hours after suspending its flights earlier today.
An internal note sent by airline CEO Tim Jordan, obtained by the AFR, confirmed that its fleet was repossessed by its aircraft lessor at 3am, as widely speculated. However, the message added the news came as a surprise to both Bonza and owners 777 Partners.
The development that administrators Hall Chadwick have taken over control opens up the possibility that the business or its assets could be recovered by a third party.
It comes weeks after a rash of speculation about the future of Bonza, with the airline earlier this month bluntly denying consultants KordaMentha had been brought in to advise the business after a report in The Australian Fina…
Read the full article at: https://australianaviation.com.au/2024/04/bonza-enters-administration/