Lets face it T and C's are going to be the criticial issue here. No BACON jet pilot who ends up flying a FlyBe trash 8 is going to accept your companies turbo prop salaries. Its just too big a backward step.
Many people stayed with CitiExpress/BACON purely for the final salary pension scheme. Now that has disappeared the floodgates will open once again.
After all, why work your nuts off for what FlyBe offer when you can got to easyJet, work the same amount on a real aircraft and earn shed loads more money?
I suspect that the number of BACON jet pilots who transfer to FlyBe will be much lower than they were hoping for.