The administrators of insolvent Australian LCC Bonza (AB, Sunshine Coast) will hold the first creditor’s meeting in Sydney on May 10, as details start to emerge of the airline’s rocky state of affairs in the lead-up to its April 30 collapse.

Administrator Hall Chadwick will hold the initial meeting to update the as yet unknown number of creditors and, per Australia’s Corporations Act, allow the creditors to decide whether to appoint a committee of inspection and/or remove the current administrators and replace them with new ones. Hall…

Source: ch aviation
Read more: Bonza's insolvency quagmire deepens as murky details surface