oh come on - great news!
bhd in particular - British Airways have had this one coming for ages and deservedly so - their MAN -BHD service is probably one of the most expensive air routes £ per mile in the world - so goodbye and good riddance.
Exeter - yep sounds good - lots of N American routes to connect into for Exeter folk.
If Air SW don't like it - well sorry that's free enterprise for you. May the best man win!
As for possible new FlyBe routes - agree with comments above but feel some of the French provincial routes would work for them. The NW is a big market.