Although I am no great city buff,I get the same feeling as Saddest.This MBO was a coup for Avion,even if it only gets them out of the business with some of their money intact.The buy out team's financing is heavily underwritten by Avion(who have now changed their name to something a bit more Icelandic;Hlutafelagid Eimskipafelag Islands).The 2006-7 winter operations are underscored by Avion too.It all comes to an end in March 2008 when the thing must stand up financially by itself.This will be about the same time new A330s are due to arrive,with all the attendant investment and costs to get that fleet going.More recent management structure changes,Eamonn Mullaney's retirement(nice timing Mr M!), rebranding,ongoing problems with an ageing 757 and 767 fleet,morale problems in both the flight and head office workforce and a rarely seen distant leadership all suggest some serious challenges to pull the thing off.I wish them luck.