From this "Heavy Cargo" post just some 12 months ago to the current debacle......you know Nick, you really should have taken the deal.
Nick LEACH funded cash to HeavyLift Cargo Airlines to buy OZ Jet the entire company , routes, AOC, aircraft , paid the debt and all will truck on . The HeavyLift guys will help turn the ship ( OZ Jet ) around. There maybe new equipment like QCs which will help lower costs for both operators. HVY can now add a couple of B757QC or B737-300 QCs to fly domestic so the cargo guys ( HeavyLift ) can fly domestic freight when the pax guys ( OZ Jet ) are sleeping at night. The HVY International and outsized operation will remain. There is a long term deal with Solomons and pax traffic rights coming for Noumea and PNG all current HeavyLift ports.
All ten aircraft 6 HVY and 4 OZ are owned nil debt or loans beats a leased operator all day long.
HVY have extensive ground equipment and engineering and many new jobs will be advertised next Friday including Engineers and Engineering managers, tech crew B737 and B727, cabin crew , station managers etc.
HVY have plenty ( $$$ ) and play hardball for keeps, so the carriers and people whom spoke ill about OZ Jet prior to the purchase may want to pull their heads in going forward now it has a big brother