Australian Aviation

A new statement from administrator Hall Chadwick reveals the airline’s directors were only told they were losing control of their 737 MAXs the day before the repossessions occurred.

777 Partners, which is believed to have held around 24 per cent of Flair, has seen its stake reduced to almost nothing, according to sources cited in the Australian Financial Review. The Miami-based venture capital firm is also a part owner of Bonza, which entered voluntary administration this week.

Speaking exclusively to Australian Aviation, Bradley Davren, CEO of AVCRO, which has provided MRO services to Bonza since the airline’s inception, said that the stricken low-cost carrier was a viable business before entering voluntary administration on Tuesday afternoon due to a lack of aircraft.

In a statement released on Wednesday afternoon, administrator Hall Chadwick said Bonza’s four 737 MAX 8s, which were seized early Tuesday morning in a move that reportedly blindsided the airline, will remain on the tarmac until next week at the earliest.

Darwin City Council, which is embroiled in a dispute with the airport over what it says is more than $1 million owed in rate equivalent payments, said that despite DIA owner Airport Development Group’s (ADG) assertion earlier this week, no such offer has yet been forthcoming.

Kristyn E. Jones is one of the most senior figures involved in the US Space Force and oversees the entire US Air Force’s annual budget of more than $205 billion.