Air Australia (formerly Strategic Airlines) (Brisbane) on February 17, 2012, the Director of the Air Australia group of companies appointed John Park and Mark Korda of KordaMentha as Voluntary Administrators.
The fleet has been grounded.
The following statement was issue by Air Australia:
“It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately. For clarity, it also appears highly unlikely there will be any flights in the short to medium term. You should make alternate travel arrangements.”
Read the “behind the scenes” account of the over-spending by Air Australia by newscom.au: CLICK HERE
Copyright Photo: Lloyd Fox. Please click on the photo for additional information.
Air Australia Photo Gallery: CLICK HERE
Strategic Airlines Photo Gallery: CLICK HERE