There are a few encouraging signs that shows WW will hold on for a bit longer.
The 737-500 with the new tail logo
The two 737-300 aircraft that remained in the fleet which were due to leave.
So what do Bmibaby need to do? When they sort out their operational and logistical issues and become profitable again then is the time that mum (LH) will put money into the company and allow them to be like a lo-cost/lo-fares airline should be.
Don't forget that LH own germanwings so they know how a lo-cost arm of a large carrier should work and WW will be turned into something similar.
But they need to keep aircraft moving in the winter and need to fly where passengers want them to fly.