It looks pretty clear on the webpage to me... Like I said back in March when key staff were sacked after a meeting with the new owner it was only a matter of time before operations ceased permanently.
Shame really, cos the previous CP/MD seemed to be doing his best with the company before the current MD took over. I feel sorry for all the unsuspecting punters who have been ripped off yet again after buying gift vouchers. Their best bet of actually getting to fly is to visit the new company on the other side of the airfield.
FT