Well said legolas.
Thread was meant to entirely about issue of safety, and the intention to protect those involved with the operation.
I haven't a clue about their financial state - apart from an implied drive to maximise profitability, albeit with a somewhat perilous strategy.
Also, there are many carriers around that supposedly operate with similar lack of principals, and continue to get away with it, and make money, so this thread shouldn't be entirely surprising to anyone...
Absolutely no intention on my part to put anyone out of work, there's already too many around like that! But safety still should remain paramount, regardless.
Z.