Australia: Online flight booking firm Fly365 goes into administration, leaving travellers out of pocket

An online flight booking company with links to collapsed budget airfare company Bestjet has left travellers thousands of dollars out of pocket after it entered voluntary administration just days after customers say they handed over money to the firm. Sydney-based Fly365 appointed a voluntary administrator Friday, wiping both its website and Facebook page and leaving customers who believed they had secured flight bookings through the company with little information about how to recoup their money. The company is just one of a number of online flight-booking agencies to collapse in recent months, and its demise raises questions about the adequacy of self-regulation in the industry. <br/>