Scotty88 said...
I must be behind the times as I have never heard of Air Australia.
They were operating as Strategic last year when they started doing low-cost passenger services to limited destinations and changed their name Air Australia a few months ago.
I think they were mainly an air freight services company with some local passenger services to mining towns, but not competing on major routes.
Maybe if they had stayed that way instead of diversifying into overseas/tourist passenger services they might have survived - who knows?