Yes, that is the reality. What I am stressing is the absurdity of owning one airline (& bailing it out financially every year) , whilst subsidizing a competitor airline to provide competition which will dilute the state owned airlines’s only profitable route !
That, & the claim, in justification, that BEE will be more resilient - using slots that will most likely be commandeered by the parent airline.
You can add a further absurdity to all that; & that is, adopting an open skies policy for route operation but excluding Gatwick from it - in order to protect AUR . But, not from competition from Heathrow!