Friday, February 17, 2012

Air Australia goes Bust leaving thousands Stranded from Thailand to Hawaii

Trips of a lifetime for thousands of holidaymakers have been wrecked after the collapse of an international budget airline.

At least 4,000 passengers are stranded and sleeping on airport floors because Air Australia has run out of money and went into voluntary administration today, immediately grounding its five-jet fleet.

Some of those affected are stuck as far away as Honolulu, Hawaii, and Phuket in Thailand.

The Brisbane-based international and domestic airline, formerly known as Strategic Airlines, said all flights had been cancelled and the airline would not be accepting new bookings because it could no longer pay its bills. Read More