It has been reported in the press that the Government of Cyprus has granted a licence to Ajet (alpha jet) to commence operations.
The fact that the "new" airline is in fact using Helios aircraft and crew has caused "turbulance" within Cyprus since some people see this as a way to "forgive" Helios for last year's accident.
However, it seems that the management of the company have managed to prove that the new airline has nothing to do with Helios apart from the fact that is using Helios' assets.
The information given on their new website http://www.ajet.com says that...
"Ajet is operated by an international team of airline industry experts which is headed by Bryan Field an ex. BA CitiExpress and BA Regional Director. The management team alone brings more than a hundred years of experience and expertise. This experience mixed with the enthusiasm of our front-line staff takes our young company and its contemporary brand to more than twenty European destinations..."