Lou
If reports are correct, both RB and MB have said they do NOT want State hand-outs, UNLESS our cousins across the pond are being subsidised. This, I would suggest, was NOT the problem with Air Europe when it folded.
There are already some distinct commercial anomalies in the Europe v US transatlantic arena. I don't think either BMI or the 'Chingford Skinhead's' proposed outfits would fare very well unaided against the reported US airlines' government subsidy.