I just tried e-mailing "Will Gilligan" to see if Varsity are still maintaining any pretense, and I got the following automated reply:
Unfortunately on March 8th 2010 at 3pm Varsity Express ceased services due to operational differences with the operator, Linksair.
All passenger refunds have been processed and customers can expect to receive their funds within 14 working days. Varsity's credit card clearing house, Pensio, is based in Denmark and are handling the refunds. All passenger funds were kept securely away from the working capital of the company and so all passengers who were unable to fly with Varsity can be assured of a full refund.
There are currently many inaccurate and factually untrue media reports surrounded the Varsity Express operation and the individuals behind it. Many of these stories are completely false and untrue and the company will not be drawn into discussion over such claims.
Many thanks to all of our customers, it was with deepest regret and under very trying circumstances that we were forced to withdraw services. We apologise for the obvious inconvenience caused.
"Operational differences", eh? How disgusting that Linksair expected to actually get paid for flying between Oxford and Edinburgh! You'd have thought they'd have done it just for fun!
The "factually untrue media reports" will, of course, be all the press releases issued by "Will Gilligan".
At least Halstead seems to have learned it's much better for him if he keeps his gob shut. There now also seems to be no claim that the company will ever resurface - he seems to have finally realised that he's fooling no-one and his little fantasies aren't going to come to anything in future.