Virgin have done a good job on the WCML and most customers are happy with them. ECML didin't work so well. Remember that train operators have to work within the constraints of the DfT franchising system. That is never mentioned by Mr Grayling. WCML is horribly constrained capacity wise.
Back to thread - I hope this offer works out or another is forthcoming. I don't know how long Flybe can last without the £20 million investment but it can't be long- if they go the effect on BHX, SOU, EXT and NQY would be a bit of a catastrophe.