Originally Posted by
minigundiplomat
Whats the go with the cashflow issues? 90% of the traffic is cairns based pax travelling to and from CY and the straits. The lockdowns in SYD and MEL should have minimal impact on their mainly monopoly routes. Something doesn’t smell right.
Well the original Skydung went bust under the management of the Wild family at a time when they had money-for-jam subsidised flights and FIFO mining contracts. Yet they still went to the wall. Perhaps similar bad practises are at play once again? You don’t churn through 5 CEO’s and a revolving door of senior managers if everything is just fine.As has been mentioned, the Barnards ran a modest, profitable and reputable airline. From the day they sold the business it has been a dysfunctional steaming heap. Years of turd polishing has resulted in….well….a steaming turd.