"Australasian Jet NT took over a fledging business. It was basically a rebadge of an existing business. We didn't have much of a chance on that one."
I'm gobsmacked by that.
Fledgling business.....like hell. It was formerly Northern Air Charter which had been around for a few years (I was at their 5th anniversary bash and they were around for a few more years after that) and there were a few predecessors to NAC.
When Australasian Jet took over NAC in substitution of debt it was a failing enterprise and they did nothing to help that situation with poor management.
To try and distance themselves from that failed effort is nothing but spin. It is the same lot again.