Liquidation

The corporate regulator has revealed it will not prosecute the directors of Bonza following the collapse of the budget airline last year.

The Sunshine Coast-based carrier suspended all flights and entered voluntary administration in April 2024.

Liquidators Hall Chadwick alleged the company traded while insolvent.

On Friday a spokesperson for the Australian Securities and Investment Commission (ASIC) confirmed the investigation had finished.

A man in high-vis walks down a flight of steps attached to a passenger jet on the tarmac.

Bonza’s planes were repossessed and flights were suspended before 323 employees lost their jobs. (ABC Sunshine Coast: Owen Jacques)

“ASIC has sent no further action letters to Australian and US directors of Bonza, confirming it does not intend to proceed to enforcement action at this stage,” they said.

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