PPRuNe Forums - View Single Post - AusJet Aviation/Australasian Jet in liquidation
Old 8th May 2019, 23:17
  #105 (permalink)  
nogoodtuesdays
 
Join Date: May 2019
Location: australia
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Don’t mistake generosity for stupidity

Yes, there were definitely many contributions to the demise; director spending, unlawful transactions, going into business with other crooks, flying thousands of hours in SA that earned no money, weekends away and flights to holiday destinations for the director or his ‘friends’, giving away company cars to be written off etc etc. You could possibly say he was generous but you can definitely say he was stupid and he took more money for himself, and withheld more in legal entitlements from his employees, than any endorsement or leg up ever cost the company. Let’s just hope he doesn’t get a phoenix company up or go into business with anyone else.
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