On the contrary, here is an airline that could have been saved, but for the approach.
I read with interest the way this forum believed vehemently in the plan that was to be Ozjet, the grand new Australian. Yet no one was prepared to take the hard ball (sorry - Legal Counsel might be the exception) and analyse the pros and cons of such a venture.
There are good people on this forum and they are not all stupid. Listen to what they are saying, explore the lattitudes of their ideas and learn from it.
Ozjet is a fatality because PS was not prepared to make himself accountable to those who saw the obvious flaws in the way Ozjet was developing.
If you misjudge the market, you will surely pay the price for being ignorant.