VietJet walks away from Bonza investment, administrators look to maximise chance of survival

VietJet walks away from Bonza investment, administrators look to maximise chance of survival
Edited by Travel Weekly


    The administrator overseeing Bonza’s collapse has released an update on the carrier’s status as they attempt to maximise options for the business as VietJet walks away from investment discussions.

    Administrators say they will continue to maximise the chances of survival for Bonza, saving “as much as possible of its business continuing in existence; or if this is not possible, to achieve a better result for the Company’s creditors than that which would result if the Company was immediately wound up”.

    Update on administrator activities

    Administrators have been working around the clock in a bid to save Bonza, meeting with various investors including airlines and other travel companies over the weekend.

    “The administrators advised creditors at last Friday’s meeting that a time frame for interested parties would be set,” the release stated. “To that end, we have set and communicated that timeframe to interested parties.”

    The AFR reported that VietJet had been looking at ways to expand into Australia, currently flying 48 flights a week to five airports.

    VietJet has now walked away from talks.

    Vietjet currently flies to Sydney, Melbourne, Brisbane, Perth and Adelaide.

    With other deals still being negotiated, “Administrators have cancelled flights up to and including 29 May
    2024 and those impacted customers should not travel to the airport unless they have made other travel
    arrangements,” the release said.

    Support for customers 

    As previously advised the Administrators have established a dedicated phone line for all customer enquiries.

    That number is 03 8678 1600 and is available 8am to 8pm AEST.

    Email contacts for each class of stakeholder can be found below:

    • bonzaemployees@hallchadwick.com.au
    • bonzacreditors@hallchadwick.com.au
    • bonzasuppliers@hallchadwick.com.au
    • bonzalessors@hallchadwick.com.au
    • bonzacustomers@hallchadwick.com.au

    Email the Travel Weekly team at traveldesk@travelweekly.com.au

    Bonza Vietjet

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