If you have a read of the administrator's report from the first time Ausjet went into receivership, by PwC, you would see all the "uncommercial director transactions" and the like. This isn't a sad day for GA. This is a sad day for the employees who lost the 6 quarters of their unpaid superannuation and all their hard earned entitlements so the director could snort all the company money. This company had every chance to thrive in the GA space. If anything, it is a happy day because it shows us that completely incompetent and criminal directors will lose everything eventually, as they should. We should continue to hope this happens for any other crooks running companies in GA, for which I'm sure there are many.