Can you give the detail behind this? What were the reasons and what exactly was "pulled"?
Someone on the island may have more accurate details than my failing memory can provide but, as I recall, the operators affected at the time were Manx Airlines and Island Aviation. Both were IoM based operators with valid CAA issued AOC's - which the authority suddenly revoked. The issue was that the companies were either IoM registered or based (possibly both) and therefore outside the CAA remit. Manx continued to operate but on British Midland's AOC and Island Aviation on Northern Executive's AOC.
Since that time I'm sure that no other IoM based operator has had a CAA issued AOC. That is why I was wondering if the new Manx setup was going to evolve further than just having an aircraft register.
Things may have changed and I'll happily admit my info is out of date if someone can supply an update. I left the IoM scene quite a while back.