Liquidation for Air Australia

Failed Air Australia will be liquidated, after the airline’s creditors voted to wind up the company at a meeting in Brisbane today.

Administrator Mark Mentha of Korda Mentha said the airline’s 350 staff would get most of their entitlements paid out under the federal government’s General Employee Entitlements and Redundancy Scheme (GEERS) but other creditors will be significantly out of pocket.

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