I agree with Niceguy.
This was like watching a slow motion tram smash. Everyone knew it was inevitable from the beginning.
Unfortunately Manston does not have a catchment area that is sufficient to support a high frequency schedule service operation. In fact where is Manston's catchment area?
In the 60's and 70's when Invicta was in business it's limited success was based on IT charter flights where passengers were mainly coached to Manston. Those days are gone.
I wish Manston and it's staff a secure future, but I don't think it will come in the guise of a low-cost scheduled operator.