The information that all of us have is partly true and partly incorrect. I advise all of you not to take anything to be a sure shot decision or verdict to what is actually happening.
From what I know about DAEFA, they have successfully managed to close the deal with Cessna for their Mustang jet as the Eclipse jet has been eclipsed from the scene.
As for the first batch, they will be graduating by March to April of the coming year and not this June/July. DAEFA has quite an intensive screening procedure as they are definitely looking for cadets who can handle the airline workload and work as a crew rather than most other flying schools that offer you PPL to CPL, etc but no training on working as a crew and making decisions. In those terms DAE has done an incredible job only to make sure that the first few cadets graduating from the academy are able to put in a good word worldwide and encourage other students who dream to work for the airlines someday. The question of them surviving in this time of tight finances is something that only time will tell. Every organization is going through a rough time and so is DAE, without a doubt but DO NOT mistake this as a criteria for the organization to shut down all of its resources especially after having closed the university in a flash. They cannot afford to do so.
Airlines have visited the academy and admired at their bold techniques and a strong hold on giving out a certified ATPL license in the course of a years time as a minima.
They are currently operating their Cirrus SR22 G3 fleet and are due to get their first jet sometime in September.