What would they buy? Just about every asset (aircraft, engines, ground equipment, buildings etc) were either always leased or, in the last year, sold off and leased back. The staff were already laid off so, even if the government bought the shell back, they wouldn’t qualify fir the 89% salary scheme - aimed at keeping solvent companies going till after the lockdown is over.
The article says the need is to keep the previous routes flown between smaller centres goin during the present crisis. But the government doesn’t want people travelling and many if the airports are shut. With the reduction in passengers Loganair et all could satisfy any need if asked.
I can only see this as the administrator flying a kite and in a gale......