Bonza has appointed a voluntary administrator to run the discount regional airline after the company behind its aircraft provider repossessed its planes in Australia leaving thousands of passengers stranded on Tuesday.
Planes registered to Bonza remain grounded at the Sunshine Coast, Melbourne and the Gold Coast after a former investment partner of the discount airline’s private equity owner, 777 Partners, suddenly repossessed them.
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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
