The answer i think is for germanwings, Snowflake and bmibaby to join forming star low cost or something like that, then they would be a well known airline in Scandanvia, UK and Germany + then abroad from those countries if this happened they would have a fleet of:
Gemanwings - 8 ish
Bmibaby - 14 ish
Snowflake - 6 ish
TOTAL = 28 aircraft.
This would provide a fairly sizeable operation in all three markets which wouldnt be the best thing at just that part 2 of improving germanwings and these other star alliance low costs is then expanding between the bases and further out opening a new base in each country and therefore increasing there fleet to about 40-50 aircraft all by the end of the summer 2004!.
Thats what i think they should do, they would be number three then low cost carrier in europe, fairly stable as well.