Bonza has appointed a voluntary administrator to run the discount regional airline after the company behind its aircraft provider repossessed its planes in Australia leaving thousands of passengers stranded on Tuesday. Planes registered to Bonza remain grounded at the Sunshine Coast, Melbourne and the Gold Coast after a former investment partner of the discount airline’s…
Bonza’s aircraft have been seized by AIP Capital, an investment house owned by the parent of 777 Partners, ACAP, to recoup money owed to investors, sources close to the matter said. 777 Partners originally bought the aircraft and issued long-term leases to Bonza during COVID-19. AIP confirmed the aircraft had been transferred to a new…
State variation in maximum UI benefits, average across states during Q2 2020–Q4 2021. Credit: Nature Human Behaviour (2024). DOI: 10.1038/s41562-024-01922-8 A new national study provides the best evidence to date that generous unemployment insurance benefits during the COVID-19 pandemic helped reduce reliance on high-cost credit use. Researchers found that lower-income residents of states with more…
Budget airline Bonza has entered voluntary administration after it left hundreds of travellers stranded at major airports across the country. On Tuesday morning, Bonza passengers departing the Sunshine Coast, Gold Coast, Melbourne and Avalon arrived to find their flights cancelled. Bonza CEO Tim Jordan said the move was “temporary” and discussions were “underway regarding the…
Reporting by Kirra Grimes Sunshine Coast airport has 33 Bonza departing flights and 33 incoming flights scheduled for the next seven days. Flights scheduled for tomorrow include departures to Townsville, Cairns, Albury, Melbourne, and Darwin; and arrivals from Cairns, Townsville, Albury, and Melbourne. Some customers are reporting that they were still able to check in…
Fledgling budget airline Bonza Aviation yesterday entered voluntary administration after halting all flights on Monday. Bonza Airlines first launched in 2021 and has since transported 750,000 passengers across Australia in the 15 months since it took to the air. It now follows in the footsteps of many failed low-cost Australian airlines before it, including Tigerair…