Mr Buzzy is quite correct.
Irrespective of whether Mr Stoddart owns the aircraft or not, he can only haemmorage cash for so long.
His accountants must be having nightmares!!
The cost of fuel, thirsty old JT8's requiring alot of maintenance and coupled with the friggin obvious slow down over the Christmas/New Year period.......well.
By April/May next year we will see if this outfit is a goer.