I know IW and GR (not the other fella), they are competent and decent people. I don't know anything about running an airline, however even for a lay person it is difficult to see how regional can continue to run and make enough money to survive in its present format. Carrying half a dozen people down to Norwich a couple of times a day doesn't work.
It is going to be interesting to see what they have in mind. I agree with the previous poster, while I am no expert, they should look at alot more wet/damp lease work and cherry pick the present scheduled routes.
Just as an absurd aside (this is rumourville), I wonder why there is talk on keeping the bmi name, perhaps SMB just can't stay away (the aviation draw) and needs to spend some of his millions.
The main thing is that it all doesn't go down the pan....good luck