Dick our estimate between 15 and 20% increase in overheads due to the new regulations, unfortunately more to come which I firmly believe are unsustainable. We are losing a lot of work to New Zealand because their cost base is considerably less than ours. They have sensible regulations, maintenance costs alone are a third cheaper than here.
When it takes 18 months and a couple of hundred K to obtain an AOC, when it costs a hundred grand to gain approval to operate a new type, its mico managed madness, what safety issue were they trying to fix??
We now have unqualified inexperienced people in CAsA dictating how aircraft are to be operated. Its only a matter of time and there will be a major incident, who will accept liability?
Regarding Bankstown, it wont exist in Five years if the development sharks get hold of it. Whats next' privatize our national parks perhaps?