Glamgirl - you're very much mistaken. A large number of cabin crew and ground staff are being made redundant, but not because Astraeus is going bust, but rather that the airline is moving from charter and contract flights to wet / damp and dry leasing aircraft out which should be much more profitable.
Bit of a shame this. Have flown Astraeus a few times and the CC were very good, flying to Marsa Alam with both Astraeus and Thomas Cook I know which I prefer. No IFE is a blessing sometimes.