Calm down and get some fresh air. I'm not a communist at all, stop thinking in extremes. I am being mildly critical of being able to bring a company back from the dead minus it's debts and allowing it to start afresh as a new entity. If you think that's communism then....
They're businesses, commercial enterprises and when they fail, it's healthier for all that they stay dead. It skews the market less. Yes Loganair screwed BMI Regional, yes Eastern screwed Air Southwest. And if Zombie Flybe comes back, make no mistake, it will screw Logan and Eastern. The key difference with Logan/BMI was that many of the staff came over from the failing business and went straight back to work.
We should stop skewing the market like this, two wrongs don't make a right, and no, flybe should stay dead. It's not being a communist to state that anyone with ambitions to take on the incumbents with a new airline is free to do so and should surely try. Hardly Marxism/Leninism.