Personally I would welcome a new and dedicated low cost operator to East Midlands Airport, and I really do hope that the rumor is true that they are going to be arriving in 2004.
Unfortunately, EMA I find has not had very dedicated LCCs.
Whilst it is great to have two low-cost-airlines at the airport, EasyJet hasnt expanded their route network in over a year, and by the looks of the new schedule and the fact we seem to be the only UK base not getting flights from the new Berlin base, there isnt anything exciting with them. And then with bmibaby, they seem to be constantly starting a route, dropping it, then bringing it back with a much reduced frequency, and then keeping it like that or dropping it again. The base has been dropped from 9 aircraft in Winter 2002/2003 to just four I believe for 2003/2004.
Routes I'd like to see are: Charleroi, Hahn, Skavsta, Girona, Dublin, Beauvais, Jerez, Treviso and Ciampino.