Launched in 2021 with the aim of offering affordable fares and new domestic routes, Bonza faced several challenges, including aircraft shortages and low passenger numbers, which were further compounded by the lack of access to key routes in the Sydney market.
In April, Bonza went into voluntary administration, suspending all flights and leaving passengers stranded. The administrators from Hall Chadwick are actively seeking a buyer for the airline, with a court recently granting an extension until the end of July to secure potential investors. This extension is intended to give Bonza a chance to explore various options to keep the airline operational.
Despite these efforts, Bonza owes around $110 million to various creditors, including significant debts in unpaid staff wages and entitlements). The Transport Workers Union has highlighted the distress caused to employees, many of whom have been without pay since March and unable to seek government assistance.
In response, the federal government has coordinated with major airlines like Qantas and Virgin Australia to assist stranded passengers. Both airlines have offered seats to those affected by Bonza's flight cancellations.
The future of Bonza remains uncertain, but efforts continue to find a solution that could keep the airline flying, providing more affordable travel options for Australians and maintaining competition in the domestic aviation market.
Comments