Hi DrinksMealsSales - I believe that there is no truth in the Preussag group starting a new low cost carrier. What is happening however, is that Preussag are looking at the increasing success of seat only sales and will be tailoring the service onboard and fleet of the aircraft to this. Britannia will still be the carrier and Britannia crew will be used to operate the flights. Currently, seat only sales (those people who choose not to have a meal on the Aircraft) are integrated with our package customers so who knows, if sales of seat only increase then they might allocate certain aircraft and flights to that demand.
As far as I can see, Britannia will remain doing what it's good at and that's being a successful charter airline taking holiday makers to their destinations.