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Thousands of passngers travelling from Hawaii to Thailand were stranded on Friday after the budget airline Air Australia ran out of money and went into voluntary administration, immediately grounding its five jets.

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

Voluntary administration in Australia is similar to bankruptcy protection in the US, and can buy a company time to trade out of its financial problems.

source: guardian.co.uk

Air Australia will add a fresh twist to the Australian airline industry, as it introduces a sharp new livery over coming months.

The stylish lime branding was revealed to staff last night and will initially adorn one of the company’s Airbus A330s.

It is part of a rebranding by Strategic Airlines as it re-invents itself as a low-fare carrier with new domestic and international services. Designed by advertising heavyweight Sean Cummins, the man responsible for the original “‘anti-Qantas'” Virgin Blue livery, it aims to portray the rebranded carrier as a breath of fresh air in the market.

source: theaustralian.com.au