I think LC is an obvious takeover target for Flybe. They could charge a fortune (as LC does) for Benny, SYY, Islay, KOI, Scumburgh, Tiree etc. The LC network would dovetail nicely with their existing GLA/EDI services.
Barra might be tricky tho-and what about the inter-island stuff with the Islanders?
I bet Uncle Wullys' £130m+ is burning a hole in their pocket tho, and what Flybe want and need more than anything is to expaaaaaaaaaand!
I'd say 65/35 in favour.