TASMANIAN airline and pilot training organisation Tas-Air Pty Ltd has gone into voluntary liquidation.
Tas-Air told its employees yesterday and flights have ceased.
The airline had 15 full-time and eight casual employees, with most based in Hobart.
A message on the company's website last night said ``pre-booked flights and future bookings should be directed to an alternate operator''.
Tas-Air offered flights to Hobart, Devonport, King Island, Burnie and Melaleuca.
Robert Tenbensel, of Tenbensel & Dee Chartered Accountants, was appointed liquidator.
A spokesman for Mr Tenbensel said one of his first tasks would be to determine why the business failed.
Until last year Tas-Air was the only airline with access to King Island from Devonport and Burnie.
In September, Airlines of Tasmania announced it would start regular services to King Island from the Launceston and Burnie-Wynyard airports.