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Bonza has its AOC

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Old 29th Apr 2024, 23:05
  #981 (permalink)  
 
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Never good to see an airline go under, I feel sorry for the staff.
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Old 29th Apr 2024, 23:18
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Old 29th Apr 2024, 23:21
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It hasn't been looking good for Bonza for a while. Most probably will be the end soon. When you don't pay your bills then you'll lose assets - aircraft etc.
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Old 29th Apr 2024, 23:30
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Regardless of whether they find a way out of today, it will be the end of Bonza.

A news story like this removes any sort of customer confidence and the little forward bookings they actually have, will drop off. Not sustainable.
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Old 29th Apr 2024, 23:31
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I wonder if this is finally the end of the pipe dream that flying is cheap….like cheaper than catching a cab?
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Old 29th Apr 2024, 23:36
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If I were Gina or Twiggy, I’d buy Bonza’a AOC.

There’s been talk of them wanting to start their own FIFO airline since their Qantas flights got replaced with the Network bin-fire.

Get the AOC, get some of the pilots who are happy to move, pickup a bunch of extra pilots from NAA (who let’s face it, are all leaving anyway), lease a bunch of aircraft.

Then all their mines won’t have knife to their throat while QF IR play their games.
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Old 30th Apr 2024, 01:54
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Huddo may be on the phone to Aquire the aoc.
might need another to shore up the defences should the plans for aliance, network, cobham, efa, jetstar don’t work out.
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Old 30th Apr 2024, 02:09
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I remember buying tickets for Compass II. It was cheaper and I was happy with the service. A few months later it crashed. A new airline in Australia is always going to operate under the assumption from potential customers that it is going to disappear.
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Old 30th Apr 2024, 02:16
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Fleet will be moved to BNE from later today in preparation for ferry flights back to USA.

Lessor clearly had all this pre planned.

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Old 30th Apr 2024, 02:42
  #990 (permalink)  
 
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If I were Gina or Twiggy, I’d buy Bonza’a AOC.
Huddo may be on the phone to Acquire the aoc.
So lets knock this on the head early.

In Australia one cannot buy an AOC, it is possible to buy the corporate entity, company say, that owns the AOC but that means the purchaser acquires all the assets and liabilities of that company.

It is fair say to say Bonza is all liabilities and no assets. So why would anyone buy it?

An AOC may take twelve months to acquire but better clean and clear than encumbered. "Huddo" has plenty of AOCs already.
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Old 30th Apr 2024, 04:01
  #991 (permalink)  
 
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Originally Posted by Slippery_Pete
If I were Gina or Twiggy, I’d buy Bonza’a AOC.

There’s been talk of them wanting to start their own FIFO airline since their Qantas flights got replaced with the Network bin-fire.

Get the AOC, get some of the pilots who are happy to move, pickup a bunch of extra pilots from NAA (who let’s face it, are all leaving anyway), lease a bunch of aircraft.

Then all their mines won’t have knife to their throat while QF IR play their games.
Would it work? Serious question. One thing we do know, they have the money.
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Old 30th Apr 2024, 04:03
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Any Bonza guys/gals looking for an immediate opportunity in the USA, I have a good contact in Atlas. Please PM me.
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Old 30th Apr 2024, 04:07
  #993 (permalink)  
 
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Would it work? Serious question. One thing we do know, they have the money.
It is because they have the money that they would be being advised that there are better ways to proceed than purchasing an encumbered company with an RPT AOC for East coast ports, with pilots based on the opposite side of the country to their mine sites.
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Old 30th Apr 2024, 04:17
  #994 (permalink)  
 
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Originally Posted by FlyingUpsideDown
Any Bonza guys/gals looking for an immediate opportunity in the USA, I have a good contact in Atlas. Please PM me.
are young to split the referral bonus with them?
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Old 30th Apr 2024, 04:28
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Originally Posted by Saintly
Would it work? Serious question. One thing we do know, they have the money.
Short answer, no. The miners simply don't have the FIFO volumes to make running their own air ops a viable proposition, leave alone the risk that they would be taking on. I was involved in some feasibility work along those lines on two occasions (albeit some time back now), once in the west, the other east coast; the per pax costs ran to almost double what we could get via contract.
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Old 30th Apr 2024, 05:03
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Now in VA...

Korda didnt want it - as was high risk
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Old 30th Apr 2024, 05:44
  #997 (permalink)  
 
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Thoughts are with Bonza staff and anyone effected by Bonza entering voluntary administration.

Another sad day for Aussie aviation.
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Old 30th Apr 2024, 06:36
  #998 (permalink)  
 
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Bonza has no assets to speak except maybe the AOC and a few T-shirts and thumbs up signs.

no money either to play with so in a year or two any cash will be gone to administrators and liquidation likely unless some brave person submits a DOCA to buy a clean company and AOC
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Old 30th Apr 2024, 07:14
  #999 (permalink)  
 
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Originally Posted by MickG0105
Short answer, no. The miners simply don't have the FIFO volumes to make running their own air ops a viable proposition, leave alone the risk that they would be taking on. I was involved in some feasibility work along those lines on two occasions (albeit some time back now), once in the west, the other east coast; the per pax costs ran to almost double what we could get via contract.
Min Res seem to be well underway with plans to operate their own airline. They are advertising for ground staff and rumours are of them already taking NAA pilots and cabin crew.

Take a read of THIS on page 11 where Ellison lays out his idea and it would appear direct east coast to WA mine sites is where he sees the greatest benefit. Min Res are also huge in mining services contracting to most if not all the big WA miners, so leveraging into mining services contract aviation is probably on their radar.

I haven’t read anything on how min res is going about getting an AOC, but wouldn’t be surprised if they were to at least take a sniff if anything could be done with Bonza depending on where they are at with their own AOC and what liabilities Bonza has?


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Old 30th Apr 2024, 08:08
  #1000 (permalink)  
 
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Originally Posted by Potsie Weber
Min Res seem to be well underway with plans to operate their own airline. They are advertising for ground staff and rumours are of them already taking NAA pilots and cabin crew.

Take a read of THIS on page 11 where Ellison lays out his idea and it would appear direct east coast to WA mine sites is where he sees the greatest benefit. Min Res are also huge in mining services contracting to most if not all the big WA miners, so leveraging into mining services contract aviation is probably on their radar.

I haven’t read anything on how min res is going about getting an AOC, but wouldn’t be surprised if they were to at least take a sniff if anything could be done with Bonza depending on where they are at with their own AOC and what liabilities Bonza has?
When they say they're "starting our own airline", I very much doubt that "MinRes Air" will be anything more than a charter desk plus with some airport staff to handle check-ins. They have a workforce of fewer than 6,000 employees, not all of them FIFO. They're not going to stand up an "airline", complete with AOC and all the usual trappings (and expenses, and risks) for 150,000-odd pax movements a year.
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