If it's true, I hope folks don't get excited about it. Why would the ex mangers of a failed Airline starting a new Airline be anything to get excited about? It would just be a recipe for low pay, poor working conditions and ultimately the inevitable redundancy all over again.
Now - if it was rumours that Errol Cossey were starting a new Airline - that would be something to get excited about...
Where are you Errol? Hopefully you're still around somewhere?
Happy New Year all