Insolvency
Bonza’s lessors push ahead with plans to remove planes from Australia
Lawyers told the Federal Court that Bonza’s aircraft leases had been terminated last week, while emails confirm its backers knew in March of a plot to shut it down.
- by Amelia McGuire
Latest
All Bonza flights cancelled until Wednesday with no refunds imminent
Bonza administrator Hall Chadwick says early discussions with the owners of the airline’s grounded fleet will continue into next week, with all flights cancelled before then.
- by Amelia McGuire
Refunds up in the air as Bonza leaves passengers grounded
Administrators Hall Chadwick confirmed late on Wednesday that the airline was not currently positioned to issue refunds after it entered administration on Tuesday.
- by Amelia McGuire
Analysis
Aviation
The global turbulence behind Bonza’s backers
Bonza airlines was tipped into voluntary administration. But its problems are just part of wider questions being asked about the financial health of its backer, US investment firm 777 Partners.
- by Anne Hyland
Updated
Aviation
Bonza enters voluntary administration after cancelling all flights until Friday
The airline’s boss Tim Jordan confirmed all Bonza flights have been grounded ahead of the company’s voluntary administration filing.
- by Amelia McGuire and Sarah Danckert
Opinion
Aviation
Nothing Bonza in this brutal chapter of Australian airline history
Grounded planes, stranded passengers: Bonza looks like the latest casualty to join the Australian aviation graveyard.
- by Elizabeth Knight
Big companies dodge spending crunch as small businesses face rising failure risk
Large corporations, including supermarkets, have become more resilient, but smaller retailers are facing greater risk of failure as the consumer spending crunch drags on.
- by Millie Muroi
Cladding fire at high-rise building blamed for top architecture firm’s liquidation
The architects behind some of Melbourne’s most prominent buildings, including the curvaceous Beyonce-inspired Premier Tower, say the Lacrosse tower fire in Docklands sent them broke.
- by Sarah Danckert
Why no one wants to start a small business any more
Australia’s 2.5 million small businesses are collapsing at a rapid rate – and there are many who say the government is adding to red tape rather than reducing it.
- by Jessica Yun
Melbourne Rebels to share Tarneit with Western United as part of consortium rescue plan
A private equity-backed consortium led by business heavyweight Leigh Clifford is working on a deal to save the Rebels and move the club to Melbourne’s west.
- by Sarah Danckert and Carla Jaeger
Pity, fury and white line fever: The resuscitation of Melbourne Rebels
As a rugby union who’s who gathered for lunch this week, the future of the embattled club was on everyone’s lips. How do you save a loss-making operation without leaving a sour taste in anyone’s mouth?
- by Sarah Danckert and Carla Jaeger