At least, as a Flybe f/o, I don't have to worry about being taken over by an airline that would pay me less than I am currently on.
I personally agree with Flydj's point that the junior f/o's at Flybe may be the biggest losers with less opportunity for early commands. That is the only reason I wasn't applying elsewhere over the summer.
I foresee that the Bacon f/o's with enough hours and ability will get their commands and a nice pay rise very quickly regardless of what happens with the seniority lists, and rightly so by the way.
I hope it works out for us all, but there are always going to be some winners and some losers. I am just going to wait and see. I look forward to working with any of you that do stay on.