Australian airline folds

Passengers stranded for days as Air Australia goes bust

           • 300 Air Australia staff stood down

• Company unable to pay for fuel

• Questions about when the company went broke

• No flights in the 'short to medium term'

The Age,

17 February, 2012

It will take days for the 4000 people stranded by the collapse of Brisbane-based budget carrier Air Australia to make their own way home. The airline went into administration today.

Many passengers will arrive over the weekend but even with Qantas, Jetstar and other airlines helping out, some are unlikely to make it back until early in the week.

Administrators say they will work through the weekend to try to find a "white knight" to save the airline.

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Most of the airline's 300 staff have been stood down as about 4000 passengers were left to search for alternative flights on their own as administrators probe the possibility that the company was trading while insolvent.

The airline has sold about 100,000 tickets for future flights that are unlikely to take off.

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