The timeline of Bonza's collapse

Описание к видео The timeline of Bonza's collapse

Sky News Australia Business Editor Ross Greenwood details the timeline of budget airline Bonza’s collapse.

The airline cancelled all flights across Australia and entered voluntary administration earlier this week.

The low-cost carrier was less than 12 months old.

Mr Greenwood says the airline had a turbulent start to begin with and New York Insurance company ACAP pulling the plug and confiscating the aircraft ultimately led to its downfall.

The aircraft has reportedly since been seized by investment house AIP Capital to attempt to recoup money owed to investors.

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