Budget airline Air Australia has gone into voluntary administration amid claims it was paying foreign flight attendants as little as $90 a day.
The airline's entire fleet was grounded early this morning after administrators discovered there was no money to meet basic operational expenses.
Around 4,000 passengers are believed to be either stranded overseas or potentially out of pocket.
Administrator Mark Korda of KordaMentha told AM that Air Australia was unable to purchase fuel at Phuket International Airport last night, prompting fears about the airline's solvency.
