crank1000,
RC made money by paying his instructors well below award, charging them a training fee which he took out of the already criminal low pay and strung them along for years telling them that they would get into Qantas. To add to this, he charges the students well above market rates for aircraft hire because all these kids are told if you do your flying training here you'll get into Qantas.
That was my observation too. Well over AUD$100K for their CPL course and there were some extras in addition to that!