The level of judgement being passed on the basis of guesswork and no facts makes for fascinating reading. We don't know if the "bailout" is a loan or a subsidy. If it is a loan then easyJet took a £600 million loan from the Government only ten days ago. Are you seriously arguing that Loganair shouldn't have access to a similar, proportionate ability to borrow?
It's said that the Embraers are a lot cheaper to operate than the 2000s (although that wouldn't be difficult) and only one of them operates "short, low level hops" around the islands - they don't really fly the island routes as they can't land at most of them! Fuel costs were always the main issue of the Embraer anyway and that doesn't look like it's going to be a problem any time soon.