The administration of faux-ocker airline Bonza is rapidly disintegrating into a predictable tale of woe.
Airline staff are literally crowdfunding their missing pay cheques and haven’t seen a cent since March. Regional Australians are stranded and out-of-pocket (again). Meanwhile, the administrators overseeing the whole thing are billing the better part of $1 million a week, in what one insolvency veteran described as some of the most spectacular fees he had ever seen.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
