Bonza’s aircraft leave the country after embattled airline’s fleet repossessed

Bonza’s aircraft leave the country after embattled airline’s fleet repossessed
  • PublishedMay 9, 2024

Bonza’s fleet has begun leaving the country, after the aircraft were repossessed by the lessor.

The first 737-Max 8 aircraft, “Bruce”, took off from the Sunshine Coast Airport this morning, bound for a refuelling stop in Honolulu and on to an unknown overseas destination.

For the past week, the aircraft have been sitting on the tarmac blocked by physical barriers, including a large tractor and a concrete slab, as the airport attempted to “secure the aircraft” as the administration process unfolded.

A large aircraft takes off from an airport.
Bonza aircraft “Bruce” leaves Australia after being repossessed.(ABC Sunshine Coast: Robert Burgin)

The embattled airline entered voluntary administration and “temporarily suspended” services after AIP Capital terminated the aircraft leases at 11:51pm on April 29.

External administrators Hall Chadwick confirmed the move was preceded by default notices nearly two weeks prior but said the action was “not foreshadowed or expected”.

More than 300 staff were stood down without pay and told they would not receive wages owed to them for the month of April.

No legal intervention possible

In a statement released on Wednesday, Hall Chadwick confirmed it had attempted to negotiate with AIP Capital to keep the aircraft in the short term. 

“The administrators have regretfully been advised that the lessors will continue to enforce their rights under the termination notices and, subject to their own requirements and arrangements, seek to reposition the fleet elsewhere,” the statement said.

In an email to staff, Bonza CEO Tim Jordan said no legal intervention to keep the aircraft had been deemed possible and the planes would be leaving their Sunshine Coast, Gold Coast, and Melbourne bases.

“The administrators are very focused on doing all possible to get us back into the Australian skies, and there are several ways this can progress forward,” the email read.

Hall Chadwick told staff that discussions with potential buyers were still ongoing.

Thousands to join meeting

Four Bonza employees have been appointed to speak alongside union representatives and administrators at the first creditor’s meeting on Friday morning.

Aircraft with purple designs parked on tarmac
Bonza aircraft were blocked by physical barriers while the administration process unfolded.(ABC Sunshine Coast, Amy Sheehan)

More than 6,000 people have registered to attend the meeting, which will be held over Zoom.

In a Federal Court hearing on Thursday morning, lawyers for Hall Chadwick put forward the intention to allow creditors to ask questions via the chat function, which would be answered at a later stage.

SOURCE: ABCNEWS

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