The above website only lists three crashes for MK, there have infact been four. The first one in 1992 is not listed.
Accident Database: Airline Crash Details > MK Airlines
With the companys past record, and current financial state, I doubt the CAA will be taking any chances or giving the benefit of the doubt.
Perhaps their business model has run its course and is no longer suitable for Europe. How much longer can they keep going without substantial new investment in modern fuel efficient aircraft ?
I feel sorry for the staff, having been in their situation before. I saw the writing on the wall and moved on to a better opportunity.
Some more trivia. Pilot involved in the first crash was also involved in the third.