FlyBe (!!!) have announced on their website that Euromanx have gone into receivership and are offering a rescue package for impacted passengers
http://www.flybe.com/news/0805/09.htm
Clearly FlyBe knew what was going to happen and when, so it an outrage that EMX were still taking bookings and money at 11pm last night. (I didn't book, just checked out the website).