Air Australia grounding leaves eight A320/330s to remarket

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ILFC's subsidiary AeroTurbine is the lessor with the greatest aircraft exposure to Air Australia, the Brisbane-based carrier, formerly known as Strategic Airlines, that suspended all services today.

Air Australia operated six Airbus A320s powered by CFM56-5A3 engines and two A330-200s.

AeroTurbine has three 1992/93 vintage A320s on lease to the Australian carrier. AWAS has two A320s, manufactured in 1992 and 1993, while Macquarie AirFinance has one 1991-built aircraft with Air Australia.

ILFC owns one 2000-vintage A330-200, which is operated by the Australian carrier on a sublease contract from Atlasjet Airlines.

The other A330-200, also manufactured in 2000, was operated by Air Australia under a sublease contract with Swiss. The aircraft is owned by Aircastle.

The carrier started up in 2009 as Strategic Airlines and took over the troubled Australian charter operator OzJet in the same year.

Following the announcement to cease operations with immediate effect Air Australia has appointed KordaMentha's John Park and Mark Korda as voluntary administrators.