Update to all interested:
Company name change has been completed, Gulf Line Aviation PTY LTD changed it's name to Italy Foods PTY LTD and was liquidated.
At the very same time an application for Gulf Line Aviation as a company name was registered, the company continued trading under this name.
It now appears there has been a "Jewish Stock Take" ( no offense intended to our Jewish friends ) on some equipment near Cooktown, do you really think everyone is that stupid ?. Apparently a stuck valve.
In the time i have been in the industry i have seen only one R44 with a stuck valve, the aircraft blew its bags, landed on the water then in ground effect returned to HID.
At the time the companies went into administration the AOC holding organisation ( Carpentaria Helicopters ) apparently had a total of "0" employee's, yet still holds/held and AOC, ever read Part 28 of the ACT or CAO 82, an interesting read.