"Same sweetie - different wrapper!"
Jet Babe .. I think not!!
If anyone can dig the remains of Ocean Sky out of the mess it is Eddie Allison - I have seen his team at Prestwick in action many times and if their approach can be applied to other areas of the business then it will have some chance of survival. To a certain extent Manchester is the same but that harks back to the NEA days - that spirit will get them through.
The problem has almost certainly been the glory chasers at LTN & the other London operations which had a spend, spend, spend mentality and no regard for actual business and it was bigger and better at all (any) cost.
I get the feeling LTN may get a shock to the system and a completely new business/work ethic with EA at the helm.