Updated

KordaMentha runs the ruler over Bonza as its Miami PE owner wavers

Matthew Cranston and Ayesha de Kretser

Updated Apr 18, 2024 – 5.22pm, first published at 10.31am

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New York/Melbourne | Bonza’s financiers have called on restructuring advisory KordaMentha to provide them with advice about the ongoing operations of the country’s fourth-largest airline amid instability at its Miami-based private equity owner.

Bonza launched in January last year, after more than a year of planning, flying to regional destinations including Cairns, Gladstone and Albury. It is not flying to Sydney or Brisbane, although it has services to Melbourne.

clarification —

This story has been updated to clarify that KordaMentha has not been appointed by Bonza, but by other groups associated with the airline and its owner, 777 Partners.

Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor.

Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets.