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End of a torrid chapter for Bonza as airline is liquidated

'Here for Allstralia' no more as vote brings an end to Bonza's short existence.

Much like squashing a purple grape, the foot has come down on low-cost airline Bonza, with creditors yesterday voting to liquidate the airline.

After no buyers for the embattled airline could be found, around 60,000 creditors voted to pull the plug on the airline.

For more than 500 employees of the former airline, the move unlocks access to the Federal Government’s Fair Entitlements Guarantee scheme, with lost wages, redundancy and pay in lieu of notice now able to be paid.

“The finality of Bonza’s collapse is a sad event for Australia’s aviation industry, but brings the certainty workers needed to access the Fair Entitlements Guarantee scheme for their owed entitlements, including wages for work completed in April,” said Transport Workers Union National Secretary, Michael Kaine.

According to a final report to creditors issued late last month by Bonza’s administrators, Hall Chadwick, the airline’s accumulated losses up to 30 Apr 2024 amounted to over $133 million.

Among these is AIP Capital, which shared custody of Bonza’s fleet – Bazza, Shazza, Sheila, Malc and Bruce – with primary financier 777 Partners and ended up being the catalyst which retook possession of the planes after it grew tired of waiting for its bills to be paid.

And now, Bonza joins the likes of Impulse, Compass, Ansett and dozens of others who took a gamble on the Australian aviation market, and rolled snake eyes.

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