Its all of their doing Tourismman. Nobody has been proved wrong in any way.
They were the ones that had their solvency questioned by companies that they needed on side (which by the way there have been no reports that they have satisfied... Hopefully they have or this will rear its head again
As alluded to, 30 seats on an A330 may not be a winning formula but neither is it on an A320.
The people I know that work there are great guys and in fairness don't appear to bag the company any more than any other company gets it so they must be doing something OK.
Like I keep saying, I hope it works out for them but don't think it will.