JetMagic are no longer operating and all of their Embraer regional jets have been returned to their leasing companies or the airlines that they were leased from.
There are rumours that Jetmagic's management team are trying to resource financing to try and get the airline back in the skies by November, although these are unconfirmed!
The airline had an excellent product for its passengers - very professional full-service airline, with reasonably low fares.
Sadly, they spent a lot of their limited start up money trying to get their own AOC and trying to get the ERJ-135 certified for LCY. Otherwise I believe they had reasonably good load factors and making money on routes - just that the cash ran out.