Sorry. As I understand is (it is a Rumour Network after all), EAC (European Air Charter) owned the ageing 747s as well as 737-200s too, and were based at Bournemouth. EAC is/was owned by Paul Stoddard who subsequntly also bought the Minardi F1 team. All of a sudden and out of the blue a high proportion of the workforce were made redudant. What was very odd about the whole affair is that they just went on a recruiting splurge, hiring quite a few low-time F/Os and paid for their type-ratings!!