I agree with Ambassador and Sydneyc with regards to rumours and appreciate Ambassadors comments.
I still feel that all runours have to be investigated - I am a student of PPSC and up until a week before their demise they were bordering on smug in regards the the business they had. In fact, when I asked advice about the company before I signed up with them I was told "PPSC is one of the most reliable companies out there".
So forgive me for the questions Ambassador - I understood from one of your students that the owner of Ambassador also owned the Airline, leading to that question and of course the question to problems within the companies. Then also if you are closing your Maintenance facility (145) how will you be able to service the aircraft?