Australia's discount regional airline Bonza appointed voluntary administrators amid passenger strandings due to sudden flight cancellations.

The airline, financially supported by a Miami-based investment group, uses Boeing 737-Max-8 planes for routes along Australia's east coast.

Bonza's operational continuity and trading prospects are currently under scrutiny, casting doubt on the airline's future.

The Australian government is actively involved in deliberations regarding Bonza's viability, underlining the necessity for competitive diversity in the national aviation sector.

Competing airlines have stepped in to transport Bonza's passengers to their intended destinations at no additional cost.

Employment concerns arise as Bonza has a workforce ranging from 51 to 200, all of whom face uncertainty due to the company's financial distress.

The instability affecting Bonza also casts a shadow on the future of 777 Partners' proposed acquisition of the football club Everton.