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 Chadwick’s 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.
Bonza’s 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 accumulated to $133 million by the time it entered voluntary administration at the end of…
