So why is this all CASA's fault or B1900 or Phfreds Whizbag 123.
2 + 2 ALWAYS = 4.
You can finangle the figures anyway you like.
You can play with "market penetration" until you're blue in the face.
You can even be a self proclaimed CASA Reg guru, but if the numbers don't work, the numbers don't work.
They didn't 2 or 3 years ago, its just amazing they lasted this long.
Pilots should be banned from the financial operating of aviation enterprises.