Get real.
bmi still exists for the same reason everyone wants a slice --- Heathrow slots.
Don't pretend it has anything to do with hardware, staff and certainly not management at any level.
Buy the slots, move in, clear out the dead wood, manage it properly and watch the profits multiply at last.
Don't expect zero redundancies amongst the poor common folk, though. Much bloodshed, I think. Very sad (with some deserving exceptions).