Qantas Airways Limited (Qantas) is an Australian airline company. The Company is engaged in the operation of international and domestic air transportation services, the provision of time definite freight services, the operation of a Frequent Flyer loyalty program, the sale of international and domestic holiday tours and associated support activities, including flight training, catering, passenger and ground handling, and engineering and maintenance. Its segments include Qantas, which represents the Qantas passenger flying businesses and related businesses; Jetstar, which represents the Jetstar passenger flying businesses, including Jetstar Asia and an investment in Jetstar Pacific; Qantas Freight, which represents the air cargo and express freight businesses; Qantas Frequent Flyer, which represents the Qantas Frequent Flyer customer loyalty program, and Jetset Travelworld Group, which represents the Company’s investment in the Jetset Travelworld Group.

Air Australia Collapse: How It Happened

The convoluted path of Air Australia, which is less than four months old and operated on a leased fleet of five aircraft, is being framed as a case study in which corporate hubris and a hands-off approach from corporate regulators combined to deliver a spectacular demise.