Africanhope that is sad news indeed.
When I left it seems like that was the last thing on their worry list.
But if you can remember I had my doubts to why they want to lease it straight instead of going through a deal that (for instance) SNA and the Egyptians (previously Monarch did) ? A package deal ...?
I personally think to have your "own" Aircraft on start up and to manage crew / pax / freight / and all the rest is a big tester if you are a small start - up airline ... or what you guys think ?