From the details we do know a poorly planned and executed dive. Running out of air, not being able to deal with a simple air share- sounds alot like improper weighting. These are the type of accidents that should not be happening.
I am going to have to agree with Japan-diver on this one. I think that the fact that two people ran out of gas on the dive with no indication of a catastrophic loss of gas is indicative of a plan that did not include enough gas for the intended profile.You say that the dive was poorly planned but we have absolutely ZERO information about the plan. Without any reason to think otherwise it's entirely conceivable that the plan was fine but that something happened during the dive that took them off the plan.
I would also like to talk about the loss of depth. Failure to control buoyancy during an air share is an extremely common problem, which is why it is a focus in early technical dive training. Everyone in my early technical training was already an instructor, yet we experienced rapid gains or losses in depth during air shares until we really learned to control it.
When I did my cave training, I realized after a while that when we entered a section of the cave with a relatively low ceiling and a hard, rocky floor, there was a good chance the instructor was going to introduce a failure like an OOA emergency. That was because of the possibility that at least one diver was going to lose buoyancy control and either shoot up or down. In my class for full cave certification, I had to wait for two different buddies to peal themselves off the ceiling and come back down to me after an air share. If we had not been using 7 foot hoses for donation, I would have been there with them. If we had not had a hard ceiling above us, I would have been fighting to keep from going to the surface with them. Keep in mind that people don't get into a full cave class until they are very experienced and have already demonstrated pretty good technical skills.
It would therefore not surprise me at all to find that the loss of depth during the air share was an unintentional accident caused by a lack of appropriate training.
In the quote above, the divers said they "went through all technical aspects that are necessary to perform a dive like this safely." I would say that they went though the technical aspects they knew about to perform the dive safely. The circumstances suggest that a little more training in gas management and a little more training in the skills related to air shares would have been beneficial.
In summary, please don't underestimate the amount of training it takes to make dives like this safely.