The new fleet was always going to be a non runner as it would be to costly to administer and set up.
Better to reduce the terms and conditions of current staff (pay and allowance cuts),reduce manpower (thousands already wanted part time working and severance), along with the added benefit that any new staff will be taken on on a much reduced package (forecast spending down)so that it will be easier to raise working capitol/loans in the future.
A victory for common sense perhaps ?