KordaMentha KordaMentha is an Australian advisory and investment firm that provides specialist forensic, real estate, turnaround / restructuring and investment management services. The business was formed in April 2002 by Mark Korda and Mark Mentha. Located at
Level 24, 333 Collins Street, Victoria, Australia.
Phone: +61 3 8623 3333

Media Release - KordaMentha appointed to Air Australia

Mark Korda and John Park of KordaMentha were today appointed by the Director of the Strategic Aviation Group as Voluntary Administrators. The group consists of seven companies including Air Australia, Strategic Engineering Australia and Strategic Aviation Charter (‘Air Australia’) (‘the Group’).

Mark Korda has advised that passenger airline Air Australia would no longer be accepting bookings, and operations would be suspended immediately.  Mr Korda also indicated the Administrators would be calling for immediate expressions of interest in the sale of the business.

Passengers who bought tickets on a credit card and/or have travel insurance covering insolvency are likely to be entitled to a refund.

 

The Air Australia fleet consists of five Airbus A330-200 and A320-200 aircraft, with headquarters in Hendra, Queensland.  Regular flight paths included Bali, Phuket and Honolulu as well as Australian domestic destinations such as Melbourne, Brisbane, Perth, Port Hedland and Derby.  Rights were also been granted to operate services between Australia and China and Australia and the USA, however no flights were undertaken to these destinations prior to appointment.

 

Mr Korda said it was too early to predict the ultimate position of Air Australia or to be precise about the reasons for the Group’s problems. KordaMentha was appointed at 1.30 am today.

Air Australia customers can find more information on www.airaustralia.com or visit the Air Australia Pty Ltd Creditor Information page on this website for contact numbers, frequently asked questions and relevant documents.

 


Media enquiries: Michael Smith 0411 055 306


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