I agree. Most believe it was just a matter of when. Coronavirus or HMG was not the problem causing of the downfall of flybe.
EY were marketing the administration as a going concern. They already have taken the next step down from that and iMHO it will be soon when they announce a further step down to say that it is a liquidation exercise.
I can only assume the offers EY had for the company were chancers at unacceptably low or asset strippers trying to the advantage of the situation. Personally, i believe realistic offers would be for asset stripping but of course could be totally wrong.