Well, Hansol, let's just see how 'ballsy' Euromanx are prepared to be. As now appears to be the case that this flybe/BA deal will go through (although I think it might not be as comprehensive a take over as was first envisaged and there could be some discards) there is going to be a big change in the scenery on Fraggle and if ever there was an opprtunity for Euromanx to assert itself as the self styled 'national airline' this is it. But I don't think their balls or specifically those of the Euromanx boss are big enough to take on flybe as and when they move in. A concerted push on LGW with a 400 while flybe sort their act out that could take some time during the inevitable disruption post take over could give them the route in the long run.
HBB - a 400 wouldn't be multi fleeting surely - just a bigger dash alongside some smaller ones. Same manufacturer, can't be too differnet to fly. To try and set up on the mainland where nobody has heard of you is risky even if it they are on new routes - even more risky. Didn't that happen in Ireland last year on uncpompeted routes?
Agree with HBB about the Luton route, a no go but up the aggro on some of the operators already on Fraggle. That takes balls but could pay dividends.