The problem with Transaer wasnt just what has been stated,management were to blame for mindless decisions and lack of fluidity in important areas of the operation.
At the end of the day if they had contracts coming up,the cash flow would have been in place.
People were put in positions of control when they had no experience and no man management skills.
Transaer had some of the best crew/Eng and ground staff you would ever want to work or socialise with.
I wish them all good luck in finding work.