PV1 -- Agreed..... the very point I made on the adjacent thread to this where just months ago it was all up beat and frankly BS....sadly, there seems to be no repercussions for CEO's who clearly are running a company which is insolvent.
The only thing we can keep repeating is go modular and don't pay large sums up front. Along with Alex Whittingham I am suggesting ATO's get together and petition the CAA (see thread) this might at least level the playing field and allow a larger number of smaller ATO's to survive giving wider choice and overall lower costs with more security to the customer. The way things are going, after the next predicable casualties, students will be left with less choice and even higher prices to pay and more upfront.
SJ