Or:
They get an AOC
They get no management as current FJE people are out
They get appalling cashflow problems as a legacy from FJE
They get two 757s with a set of charter contracts which aren't remotely relevant to the core business of flying Luton-transatlantic business class
They get a 767 which has an interesting track record with the CAA as their launch aircraft.
There are two ways of dressing up the same deal!