Financial Troubles and Liquidation
Following intense competition with Freedom Air and a series of financial difficulties, Kiwi Travel International Airlines went into voluntary liquidation on 9 September 1996. Passengers on both sides of the Tasman Sea were stranded. In Brisbane, the company's Boeing 737 and Airbus A320 were taken by Airservices Australia in lieu of unpaid aviation fees. They were eventually returned to their owners.
Freedom Air ceased operations in March 2008, with its routes being taken over by its parent company, Air New Zealand. Air New Zealand stopped all international flights out of Hamilton and Palmerston North as of mid April 2009. Flights from Dunedin have been reduced to a seasonal basis.
Read more about this topic: Kiwi Travel International Airlines
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