thats was : King of the outback sky
or something similar, focusing on the Kerry Slingsby's Slingair and Heliwork operations out of kunnas.
Its is pretty old now, about 10 CP's latter, no fixed wing pilots featured are still there. Maybe a chopper pilot or two. Airs on Fox every now and then.
As for the young chap who was 'unsuccessful', he actually ended up VERY successful. He's now buzzing around the place in turbines, very fast pistons, and living the dream life that only a very few GA companies can offer. Way to go Butters.