This Just In
February 17th, 2012
01:19 AM ET

Australian airline runs out of money, stranding thousands

Thousands of travelers have been left in the lurch around the world after the carrier Air Australia went into administration and grounded its fleet Friday.

"It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately," the company said in joint statement Friday with its newly appointed administrators, KordaMentha.

About 4,000 passengers in total have been left stranded in Hawaii, Thailand, Indonesia and Australia as a result of the suspension, said Michael Smith, a spokesman for KordaMentha.

"It also appears highly unlikely there will be any flights in the short to medium term," the airline's statement said, advising passengers to make alternative arrangements.

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Filed under: Economy • World
soundoff (21 Responses)
  1. AMERICA 1st

    If those people would have stayed home, they wouldnt be in the quagmire theyre in

    February 17, 2012 at 1:29 am | Report abuse | Reply
    • banasy ©

      Oh, you're right...what were these people *thinking*, going on business trips and vacations?

      February 17, 2012 at 7:54 am | Report abuse |
    • BOMBO ©

      Anyplace outside of America is a quagmire, right?

      February 17, 2012 at 12:17 pm | Report abuse |
    • banasy©

      Isn't Quagmire where Stewie lives?

      February 17, 2012 at 1:17 pm | Report abuse |
  2. Rehman

    I thought that PIA was running in trouble,but Ari Australia hit the record of stranding passengers.

    February 17, 2012 at 5:15 am | Report abuse | Reply
  3. banasy ©

    In other news, Quantas is doing better...

    February 17, 2012 at 7:51 am | Report abuse | Reply
    • BOMBO ©

      That's what I was wondering. I flew Qantas when I went down there. Really good airline. I never heard of Air Australia until this moment. I thought maybe Qantas changed their name and went downhill. But no.

      February 17, 2012 at 12:16 pm | Report abuse |
  4. AMERICA 1st

    Do teleconferencing and vacation at home. Thats what people pay hundreds of thousands of dollars for!

    February 17, 2012 at 8:09 am | Report abuse | Reply
    • banasy©

      I know this is a fairly new concept...but some businesses like face-to-face meetings...and it's never a vacation to vacation at home.
      Unless one lives in paradise in the first place.

      February 17, 2012 at 8:26 am | Report abuse |
    • BOMBO ©

      But America IS paradise.

      February 17, 2012 at 12:25 pm | Report abuse |
    • banasy©

      BOMBO:
      Get that tongue outta your cheek...

      February 17, 2012 at 1:20 pm | Report abuse |
  5. Bill

    U are a. Idiot

    February 17, 2012 at 8:21 am | Report abuse | Reply
  6. AMERICA 1st

    I love you too, bill! Mwahs sweetcheeks!

    February 17, 2012 at 8:55 am | Report abuse | Reply
  7. Superman

    Doan a cape and fly ...... I CAN FLY!

    February 17, 2012 at 11:29 am | Report abuse | Reply
    • Arthur Dent

      Big deal. So can I. Oh, there's the retsina.

      February 17, 2012 at 12:20 pm | Report abuse |
    • banasy©

      @Arthur Dent:
      That stuff is poison.
      Stick to Absinthe.

      February 17, 2012 at 1:19 pm | Report abuse |
  8. Msian

    fly China Air

    February 17, 2012 at 11:44 am | Report abuse | Reply
    • CNN

      Where is the advertising fee?

      February 17, 2012 at 12:24 pm | Report abuse |
  9. Greek American

    @banasy
    Hahaha, very funny. Thanks for my beginning of the weekend entertainment. You are so right though.

    February 17, 2012 at 1:24 pm | Report abuse | Reply
    • banasy©

      @Greek American:
      No problem...we gotta do what we can to keep our sense of humor... :)

      February 17, 2012 at 2:21 pm | Report abuse |
  10. Andreas Moser

    I'd love to be stranded in Hawaii.

    February 20, 2012 at 8:11 am | Report abuse | Reply

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