Administrators for grounded budget carrier Bonza have been given a two-month window to try to sell the airline as thousands of creditors sweat on the outcome.
Leave was granted by the Federal Court on Monday to extend the deadline to find a buyer until July 29, after a judge was told the failed carrier’s airline licence would probably form its most valuable asset.
A second creditors’ meeting will be held in that period after an initial meeting on May 15.
Several parties are reportedly interested in bailing out the cash-strapped airline, which went into administration with debts of about $110 million.
Barrister James Hutton SC, representing administrators Hall Chadwick, told the court that keeping the company out of liquidation would l…
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