They haven't landy they have used a nearly the same name to make punters think they will be going back to the same faces.
Anyone who has paid any money to the previous company will not see a single penny of it unless payed by CC.
Its just your commonal garden bollocks to do with Flight schools reseting the finances. Aircraft which we can't afford to lease buy, trail flight bank full... etc
np problem we will rape the trial flight captial strip all assets then go into admin. The aircraft that are fully payed for will be in someones personal ownership not the schools, and will be leased back at a tax defying rate. But of course all maint and upgrading will be payed for by the school.
wages won't get payed trial flights will not get to fly and the show will go on.