Compass Failure Highlights Need For Adequate Capital Base The unexpected collapse of Compass Airlines has more than ever highlighted the need for new airlines to have adequate capitalisation prior to launch. Compass II went to the jetway after a float which saw just 54% ofthe 100 million 50c shares on offer taken up by investors.

Compass Failure Spells End of Australia Having a Third Domestic Airline Living only half the time of its original namesake, Compass II’s demise sadly highlights two major truths of the nineteen-nineties Australian airline environment. Firstly, that no independent third domestic airline will ever realistically serve this nation’s airways and secondly that to be a successful