The story
The airline was created in July 2010 in Luxembourg as a subsidiary of the Australian airline Strategic Airlines, which later rebranded as Air Australia on 15 November 2011.
Strategic Airlines commenced services in October 2010 with one Airbus A320 aircraft from its bases at Manchester, Birmingham and London-Gatwick. The airline increased its fleet to three Airbus A320s in 2011.
On 17 February 2012, Air Australia, its parent company ceased operations. Strategic Airlines continued to operate as normal until Olympic Holidays, its only operating tour operator ended its contract on 3 October 2012. Strategic Airlines Luxembourg entered administration on 4 October 2012.
From Wikipedia’s article on Strategic Airlines Luxembourg, shared under CC BY-SA 4.0.4