This RYR take over of Jet2 has been talked about for a while now. I also think it is quite possible. There has been no blood bath at Leeds & Newcastle, simply because Mol has stayed away. A couple of years ago it was claimed that Mol and PM were having secret meetings. Imagine say that they did the deal then. RYR keep a low presence at the Jet2 bases to allow them to grow, while RYR concentrate on other countries. Then, sometime in the future, when jet2's 737 fleet has reached a pre determined size, they conclude the deal. RYR take over the 737-300 fleet and all low cost routes. Jet2 757's and Chanex remain in PM's hands, allong with Jet2 Holidays.
As far as cost, Mol would make good money on the deal. RYR make many millions on every airframe they take from the factory. They would also have a lot of old 737's to sell off for cash. On top of all this of course. They get new, ready made UK bases with trained crews. Win Win Win.
BALLSOUT.