"Mr James and his family companies are listed as the majority owner of Strategic Aviation, which operates an ageing fleet of three A320s, mostly flying between Manchester in the UK, Scandinavia and the Greek Isles. The rest of the company - 49 per cent - is owned by the now collapsed Australian venture, and KordaMentha said yesterday they were investigating what assets Strategic Aviation had in Luxembourg."
Given the above, whats the likely impact on the operation in Luxembourg from an Australian administrator / legal system point of view?