Australian Airline Bonza Cancels Flights and Declares Bankruptcy with $3.5 Billion Debt

Reported 11 months ago

On April 30, the Australian low-cost airline Bonza announced the sudden cancellation of all flights, leaving thousands of passengers stranded at airports across Australia. The airline revealed a debt of $1.43 billion USD (approximately NT$46 billion) and declared bankruptcy, potentially facing closure. Bonza, established in January 2023, initially promised low-cost fares and new domestic flight destinations in Australia but faced challenges like aircraft shortages and low passenger numbers leading to route cutbacks. The company is now discussing its business continuity to stay competitive in the Australian domestic aviation market.

Source: YAHOO

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