To answer your questions, no it never did get off the ground and was never liable to. Sadly the whole thing was poorly-thought out, and even less-well planned. I mean guys, 105's scuttling about the green zone low-level? And the reason they chose 105's? 'Because they can fly at 90KIAS on one engine' (Yes, a genuine quote! ) It was a shame that so many experienced pilots and very capable people wasted their time responding to this company, giving them free advice and all for ...... diddly-squat!
They are just aviation equipment suppliers with a few decent old-boy network Hereford connections, but with no real financial backing, operational grunt or experience on the line, so were ignored by those wid de money in de Ummah!
Rule #1 - If you can't keep up with the big boys - best not to try to join in the game!
