No Bailout for Bonza as More Than 300 Staff Stood Down

More than 300 employees of budget carrier Bonza have been stood down as the government leaves the financially floundering airline without a life raft. Thousands of passengers were stranded around Australia when Bonza flights were cancelled on April 30 morning with little notice. Many of those stranded had been allowed to buy tickets after the company was warned it would be forced to ground its planes. Administrator Hall Chadwick revealed default notices were issued to the airline on April 17, almost two weeks before customers were left scrambling to secure alternative flights. Bonza leased its entire fleet of Boeing 737-8 planes and those agreements were terminated late on April 29 night....