The Brisbane-based airline said in its accounts that its future viability depended on its operations and the ''continuing financial support'' of Strategic Aviation.
Even before it lost the ADF contract, Strategic Aviation's accounts show it had slumped to a loss of $16 million last financial year - from a $17 million profit a year earlier - after booking a $20 million impairment charge and increased charter costs. Total revenue fell 15 per cent to $79 million.
Can't see where " ''continuing financial support" of Strategic Aviation"
will come from if "Strategic Aviation's accounts show it had slumped to a loss of $16 million last financial year".
Smoke and mirrors, maybe?