Is it really a surprise ? To become millionaire in this business you need to start billionaire.. period...When NJE was created they poured something like 2 billions in the pot, loosing hundreds of millions a year to try to reach a computed figure of 200 planes in Europe, and even with the support of uncle Warren this fell somewhat short, and shrunk to around 70 planes; like Vista ( give and take some airframes) Lux is no different except that they tried to run the company like a manufacturing or worse a pure service asset, under one umbrella. This was born to fail and failed. GlobeAir is next on the list ( on a smaller scale, we are talking a total of 20 millions asset) because it is operated without margin in operation ( they save on bogus maintenance, and cutting costs down route, and under paying staff).
The main source of cash stream gone ( or rather the dozen of little streams), Lux will just explode and will be parted by specialized companies.
As far as UK based concept is concerned, there is good and bad, but definitely subtlety and reassessment is not in the active vocabulary.
Now, today is April's fool, so... this act of contrition might only be just a fake..