Budget airline that filed for Chapter 11 gets surprising buyer

With a territory of nearly three million square miles but a population of just 27 million people, Australia is a difficult place to launch and operate low-cost airlines, due to the high costs, coupled with a relatively small potential client base. Earlier in October, two U.S. executives from the financial company that helped launch Queensland-based budget carrier Bonza were charged with fraud of over $500 million over allegedly "pledging assets that [the] firm did not own, falsifying bank statements, and ...