Manx Airlines Ltd & British Regional Airlines Ltd were owned by British Regional Airlines plc, a listed Company on the UK stockmarket. The biggest regional Airline in Europe and the third biggest in the world ( at the time)
With their BA Franchise up for renewal - (bearing in mind that all of the UK based aircraft operated as a BA franchsie) 2003 ish. BA decided to purchase BRAL plc in June 2002 for £76m.
The BRAL plc Share holders must have decided that it would be better to sell than deal with the risk franchise not being renewed.
The new Company BA Citiexpress now included Manx Airlines Ltd / BRAL / Brymon & the Trojan horse BA Regional.
Although Manx Airlines Ltd continued to operate for 12 months the brand was discontinued by the new BRAL management team
The rest is history...............Trojan horse eats up everything, gets ill and gets put down. BA have cleaned house. ( regions)