NewsBite

Exclusive

Bonza’s backers plotted to ‘get the planes out’ and ‘wind this up’

Ayesha de Kretser
Ayesha de KretserSenior reporter
Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Bonza’s backers in the United States were secretly plotting to “get the planes out” and “wind this up” more than a month before they abruptly seized the airline’s aircraft and send the carrier into receivership on April 30, leaving thousands of travellers stranded and out of pocket.

Emails sent between the airline’s Miami-headquartered private equity owner, 777 Partners, its financier A-Cap, and an aircraft lessor known as AIP Capital suggest the companies were co-ordinating decision-making about Bonza, a low-cost carrier which only began flying early last year.

Loading...
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. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Transport

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/transport/bonza-s-backers-plotted-to-get-the-planes-out-and-wind-this-up-20240506-p5fp87