In 1998 Air Nauru came under the regulatory control of the Civil Aviation Authority of Australia and since then has been a select foreign carrier holding an Australian Air Operator's Certificate (AOC). Mismanagement of the island's wealth and the resulting economic troubles caused the airline to lose large amounts of money, and on some occasions become insolvent. Its operations were also suspended for brief periods in the 1990s because of concerns raised by Australia over the airworthiness and safety record of its aircraft. Airline offices and equipment were also frequently repossessed by the Australian government for Nauru's repeated defaults on foreign loans. The airline became in dispute with the Export-Import Bank of the United States in 2002, and in December 2005 the High Court of Australia upheld an earlier decision to allow the bank to seize Air Nauru's only aircraft, leaving Nauru and the island nation of Kiribati without air services. The aircraft was seized by creditors at Melbourne Airport on 18 December 2005. Following the acquisition of a replacement aircraft (a Boeing 737-300) in mid-2006, the airline was rebranded as Our Airline and relaunched on 14 October 2006. Our Airline was renamed Nauru Airlines on 1 August 2014.