Federal Court grants Bonza administrators a 2-month extension until July 29 to find a buyer for the grounded Australian budget airline.
The Federal Court grants Bonza's administrators a two-month extension until July 29 to find a buyer for the Australian grounded budget airline. Bonza went into administration with debts of around $110m, with its airline license being its most valuable asset. A second creditors' meeting will be held during this period. If the airline goes into liquidation, employees may receive retrenchment payouts but could lose their superannuation entitlements.
May 27, 2024
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