All the Royal Mail work is going to Channex, Titan and Ben Air (see other thread), so unless they are going to subcharter work out, then I would imagine the shed is dead is far as Royal Mail work is concerned.
BAC still has work within Europe for the shed, but it is likely that this will change to ATR's some time next year.
I wonder if they will not be renewing the contracts of all the contract staff they hired for the Euro bases after they type rate their full time crews onto the ATR?