Due to financial problems the European wet-lease and charter airline Strategic Airlines has stopped all operations on October 3 with it´s three Airbus A320-200 and entered administration. The company is based and licensed in Luxembourg, but planes were based at Manchester and Gatwick airport in the UK.
Strategic Airlines was established as an subsidiary of the Australian airline Strategic Airlines in 2009 in France and flew charter tourists from France to holiday destinations with it´s A320. Due to safety problems, the French authorities had withdrawn the AOC in autumn 2010, so the airline was forced to cease it´s operations in September 2010. The owners of the airline reregistered the airline in Luxembourg, so Strategic commenced the operations as an new company in October 2010. Eftsoons the airline the airline signed a contract with Olympic Holidays to fly tourists from UK airports to Greece in summer. Beside this, the airline flew Ad-hoc charters and flights for other tour operators too, especially in the winter season. The carrier had a high number of delays and cancelled flights. After two summer seasons, the airline loosed it´s contract with Olympic holidays in 2012. The airline was not able to compensate the loss of this business so it now had to cease it´s operations.
The Australian Strategic Airlines, a scheduled carrier, rebranded itself as Air Australia in November 2011 and had to cease operations due major financial problems in February 2012.