Have a few friends in Regional, better for it not to fail, but a hard commercial reality exists.
It will need circa £150k+ a day just to stand still, fuel, wages, handling, admin, training, landings, route charges, spares, leases etc etc
Its an unwanted ginger stepchild, the fallout from a messy divorce.
Its competitors have lower cost bases, a more diversified business model and made fundamental changes several years ago to stay in shape and fit for the future.
The only people interested can't put together a credible offer. I only hope the delays are a late attempt to aquire it for nothing, taking on its debts, liabilities and a bag of cash from future ticket sales, which might just give it a glimmer of hope. The noises coming out of BA indicate its destined for the scrapyard.