Bonza Airline Discussion

[N860CR]

Awkward for this Bonza pilot , published only 4 days ago

Guy of that age has probably been through the ansett collapse and virgin collapse to end up at Bonza. Probably more worried about paying his mortgage than a bit of social media awkwardness.

 

[Mattg]

Do we think people with forward bookings will be able to claim a credit card chargeback (e.g. for services not provided)?

 

[elanshin]

Do we think people with forward bookings will be able to claim a credit card chargeback (e.g. for services not provided)?

You can get your bank to make a chargeback claim, but it doesn't guarantee you'll get your money.

 

[elanshin]

If others are doing $799, I don't even know why were they doing $100 or $59. They could have asked for $300 and people would still have bought.

The $100 or $59 is actually a good marketing tool. Do a price shock in the opposite direction to generate lots of buzz and talk, especially in the current economics. Keep the marketing train going, win loads of customers then slowly raise it a bit when everything is a bit more solid.

It's a tried and true model lots of businesses have used. It just requires you to be delivering a stable product, have good growth strategies and demonstrable revenue growth as well as enough financial discipline not to burn through the capital.

 

[Saab34]

Do we think people with forward bookings will be able to claim a credit card chargeback (e.g. for services not provided)?

That’s a tough one. They have said it’s sort of a ‘temporary’ cancellation of services at the moment. As far as the bank is concerned, they could say flights in the month ahead are still expected to operate, regardless of the internal operational logistics at play (ie no fleet).

I think the best thing at the moment if you have a bit of cash tied to future bookings is to book insolvency travel insurance.

Clearly will enter administration in the coming days.

Still raise a chargeback however, couldn’t hurt. You are about to become a creditor.

 

[jakeau]

View attachment 382950

Every time I looked the schedules just didn’t suit.
App deleted

Stunning and Brave.

 

[Harrison_133]

On another site, it's being reported that the aircraft will all be ferried to Brisbane starting from today in preparation of ferry flights back to the US.

 

[equus]

You can get your bank to make a chargeback claim, but it doesn't guarantee you'll get your money.

Just about does - as long as the service is not provided. It is not the airline the money comes back from, it is the merchant acquirer providing the Credit card facility (normally a bank, but also Amex) that pays.

Visa or Mastercard should be fine (different banks etc.), Amex could be more troublesome, as they are both issuer and acquirer, so the money is coming from them directly, but in any event should be covered.

This is one of the reasons that the credit card surcharge is good value insurance.

 

[JessicaTam]

On another site, it's being reported that the aircraft will all be ferried to Brisbane starting from today in preparation of ferry flights back to the US.

They aren’t mucking around!

 

[Saab34]

On another site, it's being reported that the aircraft will all be ferried to Brisbane starting from today in preparation of ferry flights back to the US.

According to a recent post on my Facebook feed, landing in BNE tonight 2300hrs

 

[elemist]

They aren’t mucking around!

When the markets in such hot demand - not surprising. Really nothing but risk and loss of income to gain by leaving them sitting around pending legal challenges etc.

 

[Berlin]

Visa or Mastercard should be fine (different banks etc.), Amex could be more troublesome, as they are both issuer and acquirer, so the money is coming from them directly, but in any event should be covered.

Interesting you say that as in my experience, Amex is always much more forthcoming in cases like this and the process much easier than with the other cards.

But this might also depend on the issuer- my experience is limited to my Amex charge card and then VISA/MASTER cards issued by various banks. One of the reasons I stick with my platinum charge card despite the high fees.

 

[justinbrett]

Surprised VA or Rex hasn’t offered the lessor cash to take on the aircraft.

 

[Mwenenzi]

On another site, it's being reported that the aircraft will all be ferried to Brisbane starting from today in preparation of ferry flights back to the US.

Would suspect the fuel suppliers will want cash up front. Without any chance payment could be clawed back by a bank-credit card. Real folding $$ is best.

 

[flyer89]

I’m pretty sure everyone had Bonza going under on their bingo card. It just never seems to work for anyone trying to penetrate this market. I remember Ozjet from back in the day.

 

[Ansett Nostalgic]

I wonder who will get fired at 777 Partners for this moronic experiment

 

[justinbrett]

The CEO reminds me of that Iraqi general in 2003 denying Baghdad had been invaded when you could see tanks in the background.

The CEO is saying it’s a temporary suspension while his fleet are about to leave the country. Also earlier denying they were in financial strife. He belongs in jail.

 

[jase05]

Was told this morning that they owe a bit to several airports and quite a bit to their maintenance provider

 

[Mwenenzi]

I wonder who will get fired at 777 Partners for this moronic experiment

Absolutely no one. They way these are set up will be at no risk to the promoters.

I wonder if Bonza are up to date with payments to ATO for GST and employee PAYE deductions. And super payments to employees super funds.

And as a wild guess 777 Partners will not lose 1 cent for the Flair or Bonza experiment.

777 Partners - Wikipedia

en.wikipedia.org

Flair Airlines - Wikipedia

en.wikipedia.org

 

[RooFlyer]

So it seems the aircraft owners/repossessors had their ears closest to the ground.

I guess the Directors are frantically trying to get bridging/last resort finance to tide them over but absent that, they will have to call Administrators in today, I think.