I have not heard anything nor has anything been confirmed that Colgan will not get the flying.

In fact the last I was told is that Colgan will keep the flying with the understanding that Colgan will replace the Saabs in 5 years with another 34-40 seat airframe.

The CO Saab ops actually runs really good, averaging 99+ CC factor the last 6+ months. Plus, what is the logic in replacing one cheap nasty TP with another cheap and nasty TP

The problem is that rumors spread like wildfire and the next thing you know, everyone is fearing for their jobs before Christmas.