NorthernSky has got it about right. Unfortunately most managers have come to the airline from other management postions and have little experience in running an airline, and even less in flying aircraft. How often have you had a manager on the jump seat who has no idea of what is going on in the cockpit?
It is unlikely that Stelios will be able to do as much for the company in the future. Go fly to Italy and easy have not been doing so up till now because of the legal problems Stelios has in Italy. Therefore with the Go takeover he has to back off from the running of the company now, or the Italians may impound some of easy/Go's aircraft.