The administrators appointed to defunct airline Bonza say the company may have sold tickets for flights for more than a month after it became insolvent and recommended the corporate regulator investigate its directors.
Hall Chadwicks report into the failed budget carrier found Bonza may have had significant solvency and operational concerns from November and appeared to be insolvent from March, long before its operations were suddenly ground to a halt on April 30.
Bonzas administrators Hall Chadwick have found the company probably traded while insolvent. Credit: AAP
It also said the airline had recorded continued losses from its inception which accumulate…
Read the full article at: https://www.smh.com.au/business/companies/bonza-likely-traded-while-insolvent-say-administrators-20240626-p5jp0i.html
The administrators appointed to defunct airline Bonza say the company may have sold tickets for flights for more than a month after it became insolvent and recommended the corporate regulator investigate its directors.
Hall Chadwicks report into the failed budget carrier found Bonza may have had significant solvency and operational concerns from November and appeared to be insolvent from March, long before its operations were suddenly ground to a halt on April 30.
Bonzas administrators Hall Chadwick have found the company probably traded while insolvent. Credit: AAP
It also said the airline had recorded continued losses from its inception which accumulate…
Read the full article at: https://www.smh.com.au/business/companies/bonza-likely-traded-while-insolvent-say-administrators-20240626-p5jp0i.html
The administrators appointed to defunct airline Bonza say the company may have sold tickets for flights for more than a month after it became insolvent and recommended the corporate regulator investigate its directors.
Hall Chadwicks report into the failed budget carrier found Bonza may have had significant solvency and operational concerns from November and appeared to be insolvent from March, long before its operations were suddenly ground to a halt on April 30.
Bonzas administrators Hall Chadwick have found the company probably traded while insolvent. Credit: AAP
It also said the airline had recorded continued losses from its inception which accumulate…
Read the full article at: https://www.smh.com.au/business/companies/bonza-likely-traded-while-insolvent-say-administrators-20240626-p5jp0i.html
The administrators appointed to defunct airline Bonza say the company may have sold tickets for flights for more than a month after it became insolvent and recommended the corporate regulator investigate its directors.
Hall Chadwicks report into the failed budget carrier found Bonza may have had significant solvency and operational concerns from November and appeared to be insolvent from March, long before its operations were suddenly ground to a halt on April 30.
Bonzas administrators Hall Chadwick have found the company likely traded while insolvent. Credit: AAP
It also said the airline had recorded continued losses from its inception which accumulated …
Read the full article at: https://www.smh.com.au/business/companies/bonza-likely-traded-while-insolvent-say-administrators-20240626-p5jp0i.html
The administrators appointed to defunct airline Bonza say the company may have sold tickets for flights for more than a month after it became insolvent and recommended the corporate regulator investigate its directors.
Hall Chadwicks report into the failed budget carrier found Bonza may have had significant solvency and operational concerns from November and appeared to be insolvent from March, long before its operations were suddenly ground to a halt on April 30.
Bonzas administrators Hall Chadwick have found the company likely traded while insolvent. Credit: AAP
It also said the airline had recorded continued losses from its inception which accumulated …
Read the full article at: https://www.smh.com.au/business/companies/bonza-likely-traded-while-insolvent-say-administrators-20240626-p5jp0i.html