"3) suggest CASA consider looking into the financial viability of a company that holds an AOC, send in appropriately trained accountants on audits."
No, no, no!!! When my accountant hires aircraft, CASA should get into the financial audit business!!!
CASA tried that - it is far too complex and subjective. On the basis of their debt to equity ratio, neither Qantas nor Virgin would hold an AOC.
Whilst the Act permits CASA to consider other matters in the issue of an AOC, don't give them ideas to re-visit financial viability!!!
