So this collapse occurred six years ago. With the recent "voluntary administration" of Jetgo I thought it might be a useful exercise to see how the collapse of Air Australia treated the owner Mr Michael James.
https://www.smh.com.au/business/coll...217-1tea8.html
So I can find references to his wife registering a travel business two weeks after the collapse of the airline. Then in 2014..
https://www.smh.com.au/business/boss...24-107sla.html
Then in 2016...
https://www.news.com.au/travel/trave...0ada1c1b2faaef
So it would appear no prison time for insolvent trading and no news stories about massive fines. This guy left debts of $100 million and stranded 4000 passengers in various countries.
Given how badly the WATCH dog ASIC has regulated and watched the banks with what we know from the Royal Commision there is little chance the CEO of Jetgo will get to face the music?
Does anyone know any more about Mr James?