However, in a blunt statement, Bonza CEO Tim Jordan said the carrier currently has no relationship whatsoever with KordaMentha.
“KordaMentha has not been appointed as financial advisors to Bonza, or in any other capacity,” said Jordan.
I mean, what else is he going to say?
The slightest confirmation from anyone that indicates that they ‘are sniffing around’ will cause a media frenzy, and do exactly what Icarus2001 said, bookings will just dry up as people try to avoid becoming a creditor.
What appears to be critical here, is getting access to cash. Perhaps talking to some of these agencies might assist them with that. If breakeven was approaching as they keep saying, I don’t think they would have many challenges finding a buyer. Enough data from governments and agencies has been provided to paint a picture of a heavily bleeding business.
Perhaps they did forecast to bleed heavily for the first few years. But didn’t plan on the funder to turn the tap off, essentially cutting off the airways.