Administrators from firm Hall Chadwick notify staff they have been terminated ahead of broader announcement
Guardian Australia understands administrators from the firm Hall Chadwick told staff during a meeting on Tuesday they had been sacked.
Employees subsequently voiced their frustrations at how the administration process had been conducted, sources say.It later became clear that Bonza’s local business leaders had been blindsided by a breakdown in the relationship between 777 Partners – the airline’s private equity sole owners – and that firm’s financier, the US insurance giant Advantage Capital Holdings, known as A-Cap, which led to a change in the ownership structure of the leased aircraft last month.
Early on in the administration process, the administrators had been confident of finding a buyer for the airline, but those hopes faded in recent weeks. A spokesperson for the administrators told Guardian Australia a statement would be released on Tuesday afternoon detailing the future of the airline – after staff had been notified.Our Australian morning briefing breaks down the key stories of the day, telling you what’s happening and why it matters
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