Creditors of Australian airline Bonza have decided to liquidate it, although investigations will still be conducted on potential violations of company law.
Administrators for bankrupt Australian airline Bonza recommend that it be liquidated, and they have also signaled that directors may have violated trading laws.
Australia’s regional connectivity will suffer if bankrupt carrier Bonza cannot restructure and return to service, the country’s competition watchdog says.
Administrators for bankrupt airline Bonza are continuing to negotiate with several potential investors in a last-ditch attempt to relaunch the carrier.
LCC Bonza has halted flights and entered voluntary administration, as the relative newcomer to the Australian domestic market considers its survival options.
Fortunes have differed widely for the handful of startup airlines that launched operations in the Asia-Pacific region in the wake of the coronavirus pandemic.
