Ah, a new start up wouldn't be complete without the "it'll never last 6 months" brigade.
Give them a chance. Competition is VERY healthy, particularly on these routes. And by the way, when Willie Logan started Loganair would you all have said the same thing? Probably! I am sure Air Caledonian has a healthy bank balance and that all these problems were forseen and have been bugeted for.
Go'an yersel' Air Caledonian. Good luck to you. I hope it all works ouit well!