Euroceltic originally started three or four years ago by a wealthy guy named Diran (forget last name) of Eastern European origin with homes in Waterford and Esher. Had originally provided the initial funding for Celtic Airways which was planning to operate from a base in Sheffield flying Dash 7s as a Sabena franchise Cork/Sheffield/Brussels and Teeside/Brussels. Later decided that he wanted to start an airline to operate flights from Waterford to Luton ... so he could get from his home in Ireland to London quicker than by existing routings ... sure recipe for failure!!