There is no doubt the CAA shutting down Nationwide harmed the long term welfare of the business, however if one looks at the fleet with its relaince on the 737 200 (and coupled to their low fare positioning in the domestic market) then its seems pretty clear the fuel price would have got them in the end anyway- it may have just taken a while longer.
VB was a shark and in the end the chickens came home to roost, unfortunitely too many good people had to suffer in the process
