It is sad for ex employees that this is now the most likely outcome.
https://www.thetimes.co.uk/article/f...ence-29npbg5th
Its a subscribe if anyone has but the gist is there. I would guess that the vast majority of offers are in the realms of buying assets then selling them on for a profit. I think Eastern did that to airsouthwest. I cannot see the government overruling the CAA on the appeal and with the other carriers picking up routes, why would they?. And why would a buyer think 'i will spend millions to buy an airline that has been an abject failure, in an industry thats on its knees'.