Bean, I'm well aware FBE Realisations is the remains of the old legal entity.
But just because a new legal entity is set up does not mean it's a completely different airline. It's not a binary matter and quite often companies are said to be sold when in actual fact the old legal entity registered at companies house is liquidated with assets transferred to a new legal entity. As I said earlier, it's common place in football. I'm not sure Rangers FC fans north of the border think their club is a new club following their rescue from financial problems a decade ago.
Interesting how Lucien Farrell was registered as a director of the 'new' airline. What would someone who was so heavily involved in the previous rescue attempt of the old airline, be doing at the new airline if it's a brand new airline with no links whatsoever? They even argued in the OL appeal decision against the CAA that 'had Flybe known that the consequence of pursuing an asset purchase agreement was that it would not be able to retain its OL, it would not have chosen to pursue such a transaction in preference to an alternative form of financial reconstruction.'
They basically liquidated the old company to transfer the assets they wanted to the new company and avoid the debt. All perfectly legal. If you want to think it's a brand new company with no links whatsoever to the old company than fill your boots. I don't think it is. A company is a bit more than just a registration at companies house.
Anyway, that aside, as I said I do wish the new airline well. It's always good to see airlines succeed.