This industry is littered with the wrecks of small independent airlines, each time they find a profitable niche route someone bigger comes along and takes it off them!
Globespan were in a completely different market to bmi Regional and could have been successful but were let down by poor management and cost control, Jet2 have moved into Scotland to pick up where they left off. I wonder if they'll add Jet2thenoo to Jet2Malaga !