It doesn't sound as though they are moving forwards at a particularly fast rate.
According to some reports, their first 757 (ex Airtours G-LCRC, leased from Ansett) is at Lasham and in bits. Thursday's flight to Lemnos and next Monday's flight to Kalamata have been subbed out and the story is that "engine troubles" are preventing their operation by FlyJet. Whilst I suppose this strictly is true, it appears as though the aircraft doesn't actually have one of its engines fitted at the moment, CofA has expired and even if the engine was fitted and CofA in force, there isn't an AOC yet on which to fly it.
The website still says that they aim to start flying in April 2003!