they sure are! except as ScotAirways!
After joining forces with the Stagecoach Group, and receiving huge investment, he kept them running and made them rebrand to ScotAirways instead. I beleive his name is Brian, and he was a regular passenger on the LCY-EDI and Dundee route.
But tehy have just released a new site, and now are borrowing a 146 from Titan to do the odd LCY-EDI rotation!