He made money by taking 25% of investors money in its own fund...In the case of GlobeAir, Polytech is offsetting its benefits towards this scheme. But as an airplane operator; it starts to be difficult when you cannot recruit crews, you cannot make the requests, etc... GlobeAir has to make a minimum of 1 million euros per month of revenue, they barely do half of this, and it is spiraling downwards.
This is the end.
No more people in the office, crews abused, no more knowledge.. turn off the light, this is it.