This Month
Qatar Airways returns with new push for more flights
Tourism industry and export market players have warned the government not to repeat the same mistakes, as the airline tries to expand, again.
PE firm behind Bonza, Melbourne Victory calls in insolvency experts
The private equity firm called in advisers overnight to assist with “operational challenges”. It is a major shareholder in the A-League club and budget airline.
- Updated
Budget gives $1.7b boost for green aviation fuel but still no mandate
While the EU, Singapore and Japan have all signed on to sustainable fuel mandates, the Albanese government will study the idea for another two years.
- Updated
- Aviation
Liquidators say a ‘clearly’ broke Air Vanuatu owes at least $99m
The airline had “a significant level of debt”, and employed “a high number of staff for an operation of [its] size and nature”.
- Updated
Fiji Airways keen to keep Virgin Australia at bay
The Pacific’s biggest airline would consider a tilt at Air Vanuatu if its liabilities are limited to keep Virgin sidelined.
- Exclusive
- Aviation
Bonza hopes fade as VietJet walks from deal talks
The Vietnamese low-cost carrier confirmed it was out of the running as administrators prepare to ground the airline beyond their earlier midnight deadline.
- Updated
Chinese debt trap diplomacy blamed for grounding Vanuatu airline
Air Vanuatu has gone into voluntary liquidation, putting pressure on the Albanese government to bail out the national carrier.
Bonza in talks with six buyers despite owing $100m and losing planes
Creditors of the collapsed budget airline were told that it owed more than $100 million to backers, customers and staff after going under late last month.
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
- Exclusive
- Aviation
Bonza’s backers plotted to ‘get the planes out’ and ‘wind this up’
Leaked documents show the writing was on the wall for the budget carrier weeks before it collapsed, and suggest co-ordination between its financiers and owners.
- Updated
- Updated
- Aviation
Qantas pays $120m to settle ghost flights case
Customers on cancelled flights will receive up to $450 in compensation after the airline admitted it misled travellers and agreed to pay $120 million to settle.
- Updated
How 777 Partners bad marriage doomed Bonza from the start
Documents pitched to investors prove Bonza could never succeed with the fleet it was leasing – a condition of its relationship with 777 Partners.
Bonza directors say they were blindsided by lease cancellation
The airline laid off staff and extended its flying outage to Tuesday because it can’t find planes.
Bonza’s sister airline cuts 777 Partners, restructures debt
Flair Airlines finds new backers as Bonza edges closer to the brink.
Bonza administrator still looking for new backers
Bonza’s move to enter voluntary administration is a “sad time for aviation and major blow for competition”, says the main body representing Australia’s network of airports.
Qantas says app now stable, still investigating malfunction
The Flying Kangaroo is investigating a system malfunction that gives passengers access to other Qantas customers’ data.
This company pays you for your commute with extra days off
This fintech has taken a different approach to getting people back into the office and the results are paying dividends for diversity, too.
Why everyone kept their job in this merger
When Mercer and BT merged their superannuation funds, 99.6 per cent of staff remained with the business.
April
Bonza in crisis after planes repossessed
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.
- Updated
Super Retail legal action expands to at least four staff
Lawyers acting for employees say they offered to settle confidentially for less than a third of the $30 million to $50 million sought.
