It is a classic in the making if true: current CEO blames the previous for taking over a bankrupt outfit without looking at the books..... At the same time they want to take over another operator for the sake of taking over? What on earth is the rational to be and a biz jet operator and an FBO operator and a mx company and a LCC all over the place and without economies of scale or real expertise in your own niche ...
Try to be good in one thing before adding a fourth marginal operation me thinks...