It would require a Creditor's Deed of Arrangement for Strategic to buy the shares in the OzJet operating company (which holds the AOC). As they will not be interested in assuming liability for OzJet's debts, I imagine a number of creditors, including staff, will be seeking some form of satisfaction before agreeing to the scheme.
Until full details are provided to the creditors for their approval, this thread (and the rumours herein) are a total non event.
The transaction has nothing to do with CASA and it would be totally inappropriate for CASA to accept or consider any
"approval of a new management structure for Ozjet" application from Strategic and, as OzJet is controlled by the Administrator, he can not be apply to CASA without Creditors approval.
"Of course you can buy an AOC; an example would be the sale of Macair."
You can not "buy" an AOC. The legal entity "Macair" did not change; only the shares changed ownership.