Flightrider,
Yes I've heard also from several sources that My Travel lite will cease to operate from the end of Summer 05.
Perhaps there period of reduced landing fees etc at BHX that they received as a start up operation has come to an end. Also, when it started the A320's used for it were on excellent lease deals. Post 9/11 Leasing companies were desperate to entice companies who were due to return aircraft, or sign new leases to keep their aircraft. As such deals were available for 'pay by the hour' rather than traditional fixed monthly fees. The market has now changed again, and these deals have faded away.
Perhaps a combination of the above raise overheads to such a level that My Travel as a corporation no longer wish to continue the 'Lite' product......