Grounded planes, stranded passengers: Bonza looks like the latest casualty to join the Australian aviation graveyard.
Stranded passengers, airport chaos, and a challenger airline biting the dust – welcome to another chapter in the vicious history of Australian aviation.
– it was placed into administration at the start of the pandemic and picked up on the cheap by Bain, a major private equity player who gave it a major tune-up.Bain stripped the airline down to parts and rebuilt it with a lower cost base, new enterprise bargaining agreements, and no long-haul international division or budget brand., despite being Qantas’ only serious rival during that period.
If Bonza ultimately fails, it may be able to blame its parent, and we may never know whether this aviation contender would have broken the pattern of challenger airlines failing to get enough financial power to stay in the air.
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