Flybe Mk II will have massive advantages.
They will not have just dragged themselves through the worst crisis in aviation history with all the massive losses
They will have massive amounts of pilots and crew keen to get back in the air
They will have airports desperate to see some flights moving and be able to plan their routes with historic but accurate route data
There will be no shortage of aircraft and maintenance facilities to be had at favourable rates
They can choose when to launch, ie when a comeback looks sustainable
I hope to see them in the sky in 18 months or so.