Still in administration which may be extended, no planes and no staff other than the retained ones in key positions DFO, HOCT etc..... Assets being sold off too.
The dispute with IAG over the Heathrow slots rumbling on and the EU have stated they should belong to Flybe and apparently the Connect lot don't automatically have first dibs if they do stay with the company.
The company is still going and spending a lot less cash than those flying empty planes around. Unlikely but a resurrection of some sort could happen.
I'd feel sorry for Stobart, Logan, Easy and Eastern though as they struggle on during the crisis and then Flybe starts with cheap planes and crews and competes hard against them.
Who Knows