Lots of good points here folks, but it's getting really confusing trying to work out what is ACTUALLY happening.
Mach E Avelli:
Even an AOC is worth nothing unless it comes with good contracts.
I don't think AOCs actually DO come with contracts. Care to elaborate?
123456_per_au:
If the had a brain between them they would explode!!!!
Perhaps better expressed as 'If their [SAW management] brains were made of dynamite, it wouldn't blow their hats off'?
The Hooker
that almost ex outfit Sky (lets by another hotel in the solomons) airworld.
I don't think from what I'm reading that SAW can get too much closer than
'ex' status at this stage, from what we're all seeing here on PPRuNe! It looks like it's well-and-truly
GONE! 
And:
I think what fooled me was the high level of responsible management!!!!!
Aww, c'mon. you're joking, of course!
Anyone:
What's the go with the reputed SAW purchase of Regional Pacific? Did $$$$$$$'s actually change hands with respect to the alleged sale/purchase? Are SAW candidates for the biggest fools of 2009 if they DID enter such a purchase agreement while they were in/approaching a state of imminent DEATH? Any answer? Anyone?