Its all very true from what I hear. No $ to pay bills, 1 A/C parked at YCNY due bird in motor, two motors burnt out from O'temp in icing. Debts with refuelers/ caterers/ ground handling / Sim providers / maintenance all outstanding.
Too many crew, too few A/C, all staff told to expect redundancies. New A/C orders on hold. Seems like the world financial melt down has taken a strong hold in Nth Qld good and proper! However have heard of mergers in the wind also?
SAW? REX? Could this be real?
Hope they can resolve the issues and no one loses a job!