Very well Alteagood makes the point too.
I doubt anyone here knows exactly the position with Flybe finances and if they did could not disclose the details but what seems to be abundantly clear is that the airline is losing money at a rapid rate of knots and whatever its shape in the future rearranging the deck chairs will butter no parsnips!
As LTNman says if the airline had failed then the Government would not have received any outstanding fees anyway, yes, give a honeymoon on past payments, but ensure future payments are made on time.
If the owners cannot transform the airline in to a sustainable business after that then the essential and PSO routes must be put to tender from other carriers and the rest will be decided by the owners.