Skytrans TMR Contracts
TMR would have done their due diligence and based their decision on a number of factors including safety and sustainability. Skytrans would not have been strong in either respect and renewing their contact would have been akin to engaging another MacAir - we all know what happened there.
I agree with Justadash, the 'poor me' approach is simply their way of hiding the truth, that they simply weren't the best airline for the job. Once upon a time, they would have been but company instability, a decrease in OTP and a poor financial situation has changed things. It's as simple as that.