Bugg -
I agree.
I've known Mike since he was a FO in Affretair. And to start an airline from scratch, operating a fleet of some 20-odd aircraft worldwide is some achievement. I also know and have flown with many of the MK pilots in years past - all of whom were capable, competent operators. There obviously were weak links and mistakes made, which I'm sure, the management would readily acknowledge. But there was also, no doubt, an element of bad luck.
I hope MK recovers from this. A flood of job-seeking pilots onto the market doesn't do any of us any good