AFAIK Euromanx was set up as an offshoot of Woodgate. I may be wrong but, with RJ70's operating at £99 return to LCY and the necessity to lease Denimair to cover for the fall of Rossair, it may all be academic in a few months' time. If they can make it work, I for one will be most impressed.
The new owner may have deep pockets, but how long are his arms?