One guy on the Pilots Lounge fb page said 100% of the students were on the VET loans.
This corruption geos all the way to the top, see the video with McCormack. "That's what this government is all about...Neel's doing a fantastic job" etc. There is no way that they didn't know what was going on, another massive money laundering exercise using VET loans and vulnerable aviation students with stars in their eyes.
Pride comes before a fall, and putting yourself on the rich list worth 66 million was probably not such a great idea because he can hardly plead bankruptcy three months later...can he?
RA-Aus must have been glad of 950 memberships, too.
I would make an offer for some of those avionics, they are probably worth more than the aircraft.