From link posted on the Southend thread
Speaking to The Irish Times, CityJet chairman and chief executive Pat Byrne .... said CityJet would move on to completing other initiatives, including the acquisition of another European regional airline and a major wet lease deal. “We’re flat out with a number of things,” he said. “It’s full steam ahead and we’ll just get on with the other things we’re trying to complete.”
CityJet pulls out of Stobart Air acquisition