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Aussie airline goes under, strands 4,000 travelers

Quick ReadBudget carrier Air Australia goes under, stranding 4,000 passengers from Hawaii to Thailand

Photo credit: AP | Daryl Maudsley, left, and his wife Cathy, center top, pose for a photograph with their children, from second left, Joshua, Daniel and Elise, all from Coolum Beach, Queensland, Australia, as they wait for a taxi at the airport in Honolulu after discovering their Air Australia flight to Brisbane wasn't taking off on Thursday, Feb. 16, 2012. Thousands of travelers from Hawaii to Thailand were stranded after budget airline Air Australia ran out of money and went into voluntary administration, immediately grounding its five-jet fleet. (AP Photo/Audrey McAvoy)

(AP) -- Thousands of travelers from Hawaii to Thailand were stranded Friday after budget airline Air Australia ran out of money and went into voluntary administration, immediately grounding its five-jet fleet.

The Brisbane-based international and domestic airline, formerly known as Strategic Airlines, said all flights had been canceled and the airline would not be accepting new bookings because...

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