The dramatic development comes hours after the airline suspended all of its flights and weeks after a rash of speculation about the future of the airline.
The rival airline on Tuesday also reiterated its pledge to help stranded passengers get home and offered to assist Bonza staff members affected by news of its voluntary administration.
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Bonza has entered voluntary administration after the company which owns its aircraft lessor attempted to repossess its planes, leaving hundreds of travellers stranded across the country on Tuesday.