I am afraid there are not that many assets to strip. Like other airlines all bmi has is its trading name [a brand which is not that strong anyway]. However,I view this occurance as very much a positive thing. There will no-doubt be some pain, but regarding the 'dead-wood' above it needs to be done anyway. LHR is valuable, LH is making a play now so that when times become good they will be strong. Whatever operation is set up from LHR -they will need pilots, crew, eng's etc. they may wear different uniforms but they will have jobs [more than the poor souls at Sterling] The only concern I see is the smaller out-stations. There may be some significant changes there.
Good Luck to all.