Bonza Aviation enters liquidation

The news: Budget airline Bonza Aviation has entered liquidation after the company's creditors held a second meeting on the future of the company on Tuesday.

The context: In April, Bonza entered into voluntary administration after abruptly cancelling flights across Australia, stranding hundreds of domestic passengers, as it considered "the ongoing viability of the business".

Bonza's administrators had run a sales campaign over recent months involving investors, other airlines and travel companies, but had not received any offers for the sale of the business and/ or its assets at the end of that campaign period.

A media statement from administrators Hall Chadwick on Tuesday said the liquidators of the company Richard Albarran, Kathleen Vouris, Brent Kijurina and Cameron Shaw, would continue investigations into the company's business and affairs and report findings to the corporate regulator in due course.