Just over a year since its first flight, Australian regional low-cost airline Bonza has filed for voluntary administration.

“Bonza has temporarily suspended services due to be operated today (Tuesday 30th April), as discussions are currently underway regarding the ongoing viability of the business,” a statement posted on its website this morning reads.

“We apologise to our customers who are impacted by this and we’re working as quickly as possible to determine a way forward that ensures there is ongoing competition in the Australian domestic aviation market”.

READ: Australia’s Bonza cleared to fly

Bonza was formed in 2021 by former Virgin Blue executive Tim Jordan and was backed by private equity group 777 Partners. Following a model of low-cost carriers in the U.S and Europe, it offered point-to-point flights to underserved regional airports rather than the main transport hubs.

The airline operated four B737 MAX-8 aircraft in an all-economy configuration.