It’s all about $$$. They didn’t have enough to keep operations going and they couldn’t pull out a last minute investment deal.
Running an airline is extremely difficult, especially as a newcomer. The competition will be ruthless against you, and established carriers, low cost and legacy, have much deeper pockets to enable them to weather bad economic times and take losses on routes to eliminate competition.
It sucks, but it’s business.
Im not suggesting that we wait for a possible 3rd incident before action is taken. I have no problem with the grounding of the type to determine what the problem is, in fact I think it is a prudent move. I just wont personally join the mob mentality about this until we have facts about what the cause of the most recent accident is AND if it is in fact related.
Similarities does not mean causation considering that the data of what actually caused the 2nd crash has not been released. This is not to say that they are not caused by the same thing, whether it is pilot error due to lack of training, mechanical malfunction or any other types of causes. It is suspect that there were 2 accidents within a short period of time, but I will still withhold judgement until actual facts are released, not speculation, conjecture and emotional response.