I'm still scratching my head at this one as much as when there was talk of the possibility of creating a future FlyBe 2. At the same time as being sad for the staff, perhaps it's also good that capitalism has a defect in that people with capital but no idea how to run an airline were able to provide employment attempting to have one set up.
This isn't an I told you so thread, but I can't remember seing anyone that didn't tell us so. I will never be able to work out any aspect of what made them think this was a good idea, and why if they did want to set up an airline they'd use an existing failed brand or such a weird collection of routes. I'm sure there's a triva master here that can give more than one previous example of a people stranded at airports style airline failure where someone has later come along and reused the brand, but I can't think of one!