Bonza Has Planes Repossessed, Cancels Flights, AFR Says
This article is for subscribers only.
Budget Australian airline Bonza, owned by 777 Partners, had its fleet repossessed by creditors and cancelled flights on Tuesday, the Australian Financial Review reported.
The airline’s Boeing Co. Max aircraft were initially purchased by 777 Partners, but the venture capital firm’s creditors this month formed a new entity to take over planes linked to 777 Partners, the newspaper said.