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Air Australia Grounded- Shock! Not.

When I blogged about Australia’s newest airline in January,  I was not convinced it was a viable proposition. So many start ups have tried in Australia and failed/disappeared (East-West, Compass I, Compass II, Impulse, for example). More recently, we have seen Tiger Airways Australia in trouble. Australia is a tough aviation market in a tough aviation world. Already in 2012, three airlines have collapsed including Malev that I blogged about last week. Air Australia is the world’s fourth airline to be grounded this year. On the morning of February 17, Air Australia, after less than three months of operations, ran…

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