Following News articles summarize the situation pretty well. . . . RIP although still 2 weeks until March
FLEDGLING carrier Air Australia yesterday hit out at rumours that ANZ Bank is considering winding up the company amid worries from some creditors about outstanding payments.
A spokeswoman rejected suggestions parent company Strategic Group was being put into receivership or administration.
She did not respond to suggestions the company was as much as $30 million in debt or that several creditors were chasing payments.
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AUSTRALIA's newest budget international airline, Air Australia, has been working closely for six months with specialists from corporate paramedic KordaMentha in a bid to turn around its ailing business.
The confirmation of KordaMentha's presence at the Brisbane-based airline follows intense speculation yesterday about its future. The airline is still taking bookings for flights but it declined to respond further yesterday to questions about its financial health.
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Air Australia bids to lift its business
AUSTRALIA's newest budget international airline, Air Australia, is working closely with specialists from the advisory arm of corporate paramedic KordaMentha in a bid to turn around its ailing business.
Air Australia confirmed yesterday that specialists from KordaMentha had been working in an advisory capacity for the airline for the past five to six months
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Corporate doctor called in at Air Australia