I have been watching these forums for a while now, and i feel the time is right to put some of my input here.
In my personal opinion i do not believe that Baby will close as they are too much of an established airline brand to go to complete waste. If they are taken over though, the new owner must have deep pockets, and i mean deep ! The amount of debt in that place is surreal, and fleet modernisation has got to be the first thing on the agenda !
I also believe that Baby's decision to close their MAN and CWL bases was the right decision for them as BHD is currently paying off, and its through the winter months which Baby struggled with at CWL and MAN. So, if they judge success purely on that, then its mission accomplished. Now for the summer months, and lets see how they perform !