. The company cited a "strong decline in engine overhaul demand", "reduced regional demand", "tough international competition" and the more reliable new engines used in airline fleets for the closure
More reliable? Overhauls are done on hours, repairs are done unscheduled. I am not sure that engine reliability has anything to do with this. I see plenty of demand for a quality Australian based engine overhaul shop.
Seems there may be other motives for this?