Strategic Airlines, a charter carrier contracted to fly more than 120,000 UK holidaymakers from Gatwick and Manchester this summer, is 49% owned by a company now in administration in Australia.
However, Luxembourg-registered Strategic Airlines SA confirmed it is separately controlled by its European management team and investors and unaffected by the failure of Air Australia on February 17.
Strategic Airlines commercial director Neil Huston told Travel Weekly: “The failure in Australia will not impact our continued operations. All our funding is generated by our own flying programme.”
Charter airline reassures Olympic after Air Australia collapse - www.travelweekly.co.uk