I'm very sorry, but not suprised, to hear this news. I hope FlyBe can get it's plans on the table as soon as poss to help those whose futures are looking uncertain.
Although now a BA mainline pilot, I was MAN based for 11 years. Firstly on BAC 1-11's and after BAR was created I flew regional 737-200's to the very destinations now to be flown by FlyBe. I left for the "golden runways" because I could see, even in the 1990's that BA's heart wasn't in basing crews and aircraft North of Watford. At the time I predicted that the end game was longhaul premium traffic at LHR and every decision they have taken has confirmed that.
To my colleagues in LGW I say - give yourselves 5 years max.
To my friends in BAcon I sincerely hope this works out for you.........