Australian airline Bonza will be placed into liquidation just months after going into involuntary administration.
On Tuesday, administrator Hall Chadwick announced the news following a second meeting of creditors, where it was revealed that they had not received any offers for the sale of Bonza.
The Administrators ran an extensive sales campaign involving numerous investors, other airlines and companies from the travel industry. The Administrators assisted these interested parties, allowing each party to conduct due diligence to help formulate any offer, a statement given to Mumbrella reads.
Unfortunately, the Administrators had not received any offers for the sale of the Company business and/or assets at the conclusion of the campaign.
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Read the full article at: https://mumbrella.com.au/bonza-airline-to-go-into-liquidation-837862