Popped their heads over the parapet again today - According to Twitter they have entered in to a collaboration with "Italian Airlines" (who incidentally look barely more organised that Atmosphere). Apparently Italian already have agreements in place with Ryanair and Spirit to feed onto their long haul legs.
Also have entered into partnership with (sic) "another former Thai Airline who hold a valid AOL License" to establish a Thai AOC...then the usual rubbish about UK AOC to follow blah blah. Also renewed their investment requests.