Parent Company
Maybe some don't realise that Flybmi and Loganair have/had the same parent company!
The profitable routes will be snapped up quickly as they knew months ago this was going to happen. Give it a few months to transfer a/c leases and crew and it all falls into place.
Smart from a management point of view but doesn't help the stranded passengers or crew who don't know their future.
Take a look at the past results and this wasn't a surprise to anyone... especially the management of both companies!