That is not true Wellington Bomber and I would strongly suggest you look at some facts - and I mean the entire flybe network and not just a couple of examples at NQY - before coming up with such statements. I am one of Flybe's loyal employees but I am also one of their harshes critics when I feel critism is justified. Yes routes have come and gone and some of them were a mess, however Flybe do not have any tactics such as those suggested in your post.
Flybe genuinly make a go of routes and if the competition is that weak that they fail - well that is their problem. A succesful airline should win over any other competition if they offer such a good product as it is the passengers that decide at the end of the day.
I strongly hope Flybe are succesful on this route and work alongside WOW well, more to prove people like you wrong. I guess its another one of those lets wait and see moments.