“That included a lot of changing and challenging of regulatory requirements that were very confusing and there were a lot of blockages put up at the start."
How unusual!!
Generally Squawk, aviation is capital intensive and undercapitalisation is the primary cause of premature insolvencies. Debt to equity ratios in aviation any greater than 1:1 are a bankruptcy looking for a place to happen - not that I am suggesting this operator was undercapitalised or insolvent.