BOTFOJ - Not me....and not quite sure what you're getting at there by dredging up the annals of PPrune past.
If you're genuinely interested (i.e. instead of just an effort at mud-slinging), I guess the admin folk on the website could at least ascertain whether the originator of that thread's credentials are real. There is certainly enough info on his profile page to be able to take a reasoned view.
Monkey Lover - I would agree that, before even thinking about starting an airline, you need to have a clear view of how much you are going to need; and how much of that you are going to actually spend (as opposed to providing financial fitness for the CAA). If the project has been managed within both figures, then I fully take your point. I honestly don't know whether it has or has not and speculating on that at this point in time is of largely academic interest only.