Bonza's final chapter
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Bonza's final chapter
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What began with a bang now ends with a whimper – Joshua Wander, former CEO of Bonza financier 777 Partners, has pleaded guilty in the US to a half-billion-dollar fraud scheme, thus ending the sorry tale of what once seemed a promising new contender in Australia's aviation market.
Wander now faces a maximum of 40 years in prison after the collapse of the 777 Partners "house of cards" – cold comfort, perhaps, to everyone left out of work and out of pocket by its role in the demise of the airline it had once bankrolled.
On this week's Australian Aviation Podcast, Jake, David and Hannah take a magnifying glass to the financial skulduggery of 777 Partners as we close the book on the Bonza saga.
Plus, with a global asset freeze slapped on the low-cost carrier, are Vietjet's plans for Australian expansion over before they began?