Just found this report from the Oxford Times two days before the Sunday Times published their story. Mr Halstead is either completely delusional or willing to continue to mislead in the hope that something might turn up!
But then, hoping something good might turn up appears to have been the entire business case for the airline. If anybody could ever get hold of any business plan that was written, I would be fascinated to read it...
"Mr Halstead said: “It has been a pretty awful week.
“Varsity Express is now looking to work with other operators, but there is a limit to what I can say for legal reasons.
“There was a breakdown in the relationship (with Links Air) and we have suffered a great loss by the breakdown of that relationship.
“We are offering refunds to passengers as and when requested. I want to try to move onwards and upwards.”