Quote:
Originally Posted by StevenW
I guess the real question is: is Air Australia insolvent or were administrators appointed to prevent that happening?
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They were unable to pay for fuel in Phuket for a flight back to Melbourne. A load of fuel can't be worth too much.
They owe the bank millions. They don't own any aircraft. Their cash reserves are so low they can't afford to refuel a plane. They must be insolvent, surely.