Not good news for the Flybe camp, although it has been mooted for some time as we know - Next few weeks will be crucial to see if they can restructure, do a hatchet job & find a buyer, and survive.
Really feel for the staff - I gather from a friend there (although not at SOU) folk are jumping the proverbial ship
Stobart Group - which pulled out of a bid to buy Flybe earlier this year after the airline rejected its offer could be a possible purchaser...(source BBC)
Reverberations for SOU ? Beggars Belief