VHF4 is correct. It will collapse if the owners wish it to do so. Unfortunately, it looks look like they want it to fail, strip assets and start again. Arguably, the cheapest option for them. The line of 'if flybe did not exist, you would have to invent it. Yes, it may well be re-invented into a profitable operation but not in its present form. Easyjet, Ryanair, Eastern Airways and Loganair to name a few could easily pick up the bread and butter routes at very short notice. I think the government is having second thoughts as they have sent in consultants who will undoubtably say that flybe has burnt through hundreds of millions of pounds in a short space of time and any loan will probably never get paid back. If and when it goes under the government will most likely be blamed for letting it fail. But i am sure we all feel here its the shockingly poor running of the company and the lack of sane strategy that have given it a death by a thousand cuts.