According to a tweet via the Right Stuf feed, AnimeToday, they've indicated that the upcoming release of the second season of Kaleido Star will include the OVA that was not previously licensed.
RightStuf.com: FYI: The "Kaleido Star S2 + OVAs" incl. S2+ OVA 1 (aka Ep 52) & OVA 2 (Layla & Legend of the Phoenix)
Kaleido Star was originally licensed and released by ADV Films earlier in the decade, but when the rights lapsed, FUNimation acquired the Gonzo animated series earlier this year and is set to release the show in two season sets in November and December of this year. What was never licensed by ADV Films was the final OVA, Layla & Legend of the Phoenix. That has now been rectified by FUNimation, similar to how they acquired the Vandread recap OVAs when they brought that series back out from the Geneon collapse.
We have confirmed with FUNimation that they will be releasing this 50 minute OVA with the second season set and that it will be subtitle only.
Now, about Kino's Journey....