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Prime Minister Anthony Albanese labelled Bonza entering voluntary administration as “very disappointing” but hopes more low-cost airlines enter the market.

Bonza entered voluntary administration last week after the company that owns its aircraft lessor tried to repossess its planes, leaving hundreds of travellers stranded across the country.

“Bonza of course, has now ended its voluntary administration, and it’s very disappointing that that has occurred,” Albanese told ABC Capricornia radio this morning.

He said consumer rights were being considered as part of the aviation white paper that was being undertaken.

The prime minister said he hoped there were more low-cost airlines that entered the market, despite issues Bonza faced.

“I hope there is,” he said.

“But what we have seen over a period of time is that the aviation industry is a really tough industry, but we have seen a range over recent decades, of cheap airlines form, and keep going for a little while and not last.”

The prime minister said he found it extraordinary how many airlines don’t last, but “that’s the nature of that industry.”