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New airline to launch in Australia

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Australia’s aviation market is set to become even more competitive, as the sector plans to reopen in 2022

Painted in purple and white, Bonza Airlines is gearing up to become Australia’s next low cost carrier (LCC), going head to head with mostly Jetstar.

The independent carrier will fight for business on already busy domestic routes across the country next year, promising cheaper fares to travellers.

In a company issued statement, Bonza said its launch from early next year will give Aussies “more travel choices and more affordable air travel” to destinations across the country.

The founder and CEO of the new airline has more than 25 years of experience working within the aviation sector, previously working at Cebu Pacific and Virgin Australia when the airline was called ‘Virgin Blue.’

“Bonza’s mission is to encourage more travel by providing more choices and ultra-low fares, particularly into leisure destinations where travel is now often limited to connections via major cities,” 

Bonza will be backed by US private investment firm 777 Partners and will put a particular focus on routes into leisure destinations.

CEO, Mr. Jordan says “Bonza will play a leading role in Australia’s post-pandemic economic recovery – creating jobs, stimulating travel and consumer spending and help regional communities, especially those that rely on tourism, get back on their feet,”

Bonza will operate the Boeing 737 MAX.

The fleet:

The airline will launch with an unspecified number of Boeing 737-8 MAX aircraft.

Bonza is set to still finalise regulatory approval to start operating within Australia.

Jordan says with Miami-based private investment firm 777 Partners backing Bonza, their chances of success are high.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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