GA regulated by other than CASA? Seriously!
The Chinese viewed the books and creditors prior to submitting the Deed of Company Arrangement. How else would they have worked out what to bid.
However it is unlikely that the transfer of RTO, CRISCOS, Vet Fee Help, AOCs etc to the new identity could happen in a couple of weeks given the way we all know Governments work, so its possible that it will not be all done and dusted by 19th May.
Time is on the side of the new potential owners, so the creditors may be asked to extend the date and if they want any money should agree.
The bidders are probably still trying to figure out what to do with RQAC and its Directors. Do they support it or if they run into blockages from the Directors simply liquidate it and trade on with AAA and ATAE, the entities that bring in the income?
Time will tell.