Schadenfreude, and all of that but it does raise an interesting implication.
If an AOC holder goes into administration CASA takes quite a dim view, and rightly so, of their ability to keep funds up to their safety requirements.
Will CASA then take action to observe or even withdraw their approval to operate an aerodrome?
To be evan handed in their operation it would seem that they must or this will be a precedent in the future when small companies are in difficulty.
Then the bag of worms is really opened and the Government must take some action over the debacle of the sale of all the airports.