liquidation, with customers greeted by a notice of the collapse at the company’s head office in melbourne.” loading=”eager” height=”517″ width=”960″ class=”yf-lglytj loaded”/>

Aussie travel company AVG Travels has collapsed into liquidation, leaving thousands of holidaymakers in the lurch. Many customers have had their trips cancelled just days out from travel, while others already overseas fear they won’t make it home.

AVG Travels was known for selling heavily discounted overseas flight and tour packages to destinations across Asia, Europe, Africa, the Middle East and the Americas. Following days of concern from customers who abruptly had their tours cancelled or put “under review”, it confirmed on Tuesday that liquidators had been brought in.

“The Liquidators have assumed control of AVG Travels’ affairs and are undertaking an urgent review of AVG’s financial position and business operations to determine the best course of action to preserve value for stakeholders,” McGrathNicol, who has been appointed liquidator, said in a statement.

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“At this stage, ongoing operations have been suspended and the Liquidators will be contacting all customers who have booked travel with AVG Travels.