Kinsman,
No-one here wants MYT to fold but to say that TCX are in a more precarious position is just not true. I rather think that it is wishful thinking to deflect the media interest in MYT.
TCX UK will be recruiting pilots next year and I suspect that MYT type rated guys will be applying. I rather doubt that TCX UK pilots will be applying to MYT.
Time will tell but my own gut feeling is that MYT, if it is to survive, will be downsized drastically as more pieces of the group are sold off to reduce debt.
As for buying MYT as a whole entity, I don't think in its current predicament, that there would be any takers, as large amounts of debt would be unattractive to any purchaser.