'fraid not,
VB. I checked on that link first thing to clarify that. Here's the relevant excerpt:-
Airlines currently excluded from cover:
* Please note cover excludes any airline where there is a threat of, or has filed
or applied for any form of insolvency or insolvency protection at the time
of effecting cover or issuance of the air ticket
STRATEGIC AIRLINES PTY t/a AIR AUSTRALIA AIRWAYS
UNDER FINANCIAL REVIEW - as of 28 November 2011