The start-up again came under the spotlight this week after the release of accounts showing its losses widened from $2.1m in 2008-09 to
$9.3m last financial year and that it was cashflow positive only because of a $6m loan from the charter business.
The accounts, which also identified an $11.4m net asset deficiency, were accompanied by an auditor's warning of "material uncertainty which may cast significant doubt about the company's ability to continue as a going concern".
| The Australian