Gadriver -
chieftain tied up with Illawarra which didn't work out as both were in as much trouble as each other - so chieftain turned to afts. And there it stayed until as you say, the wife of the departed decided she didn't want to be running a flying school, and so closed up shop...
Sorry but most of the time I'm useless but in this instance I'm pretty sure I'm right.
As a "contractor" I got to enjoy the hot shoe shuffle with a different name paying me each month and finally 3 months of no pay (even though I never moved)... Fun times.
I am intrigued about who is saying they merged after all this though... Definately the dogs breakfast of airports in Australia!!