As I read the comments online (especially on pprune) about bmibaby and bmi regional only having one bidder and some of the commentators seem to be reasonably close to the company, I think that these bidders realise that they are the only show in town, know how desperate LH are to off load the business, so if they are sharp they will be ensuring that they can negiotate downwards the price and T's & C's, that would make sense.
Whether bmi regional is a strong performer or not doesnt matter in terms of being in a strong bargaining position, it simply doesnt fit with IAG/BA or LH.
EI-BUD