Dick Smith, it would be wise not to take the Australian GA community for fools. Since late 2015 your scheme to collapse the industry has been well broadcast and yet only last year did you actually admit your personal intention was in fact not to get out. And now again, the questions around the details remain unanswered. So let me put it to you again:
- Please put people's minds at ease with your so-far missing details of how people should take your advice and turn that into action, after all, you are clearly calling for action. What are the specific steps operators should take to get out of the industry? How long would you estimate it will take for us to completely destroy the industry and thereafter how long will it be before the fix-up phase is complete? Will it be quite difficult to attract finance in the planned fix-up phase as financial institutions realise the industry doesn't exist as its been totally destroyed? Do you envisage those who destroyed the industry will also need to seek finance to fix the industry and would you foresee any associated problems in that circumstance?
- Given all current operators have financial liabilities meaning many will need to file for bankruptcy following this mass voluntary closure, please answer how bankrupt former business owners will qualify for finance as they attempt to return to the restarted industry under your proposal?
Additionally, when ever, anywhere in the world, has an industry collectively agreed to collapse itself via mass, mutual business closures and thereafter successfully restarted itself? Please provide examples and say dates, names of prominent organisers and the before and after results. In the event you find yourself unable to substantiate your position by way of answers to these specific questions, would it not be understandable if the GA community came to regard you as simply headline grabbing and attention seeking? Would you thereupon also admit your views smash confidence in the GA industry and cause enormous anxiety for operators and their staff?