Air Wales have had problems with non paymant of bills in the recent past. They couldn't get fuel at CWL for a couple of days then one aircraft was blocked in as they owed money elsewhere (I believe it was euronav).
Both of these were sorted but now we have some story that they are going to bite the hand that feeds them (Baby) and get A319s! Cause they couldn't just do the routes theydo now.
They have been one aircraft short whilst one was away on check. They had to cancel flights and pay Baby massive penalties for delaying its flights whilst they were 1 cab down, doesn't sound like they are in a position to expand to me.