FL has bought pieces of Easyjet several times now. I can imagine they want a bigger piece. One way to do that would be to trade in Sterling/Maersk Air for a larger piece of Easyjet and that is what I think will happen.. it would also give Easyjet a strong position in the Scandinavian market..
Further a cooperation could be started with Icelandair to start transatlantic low fare flights maybe tied up with another cooperation with one or more lowcost operator(s) on the american side of the pond..
Just a thought .. we will see.. any bets?
I do not believe Sterling will go belly up now that Maersk Air has been aquired and there is less competition.. thus less overcapacity, easier to make a profit etc.. if anyone will go its SAS!