You are quite right that FlyBe have defined how a regional airline should operate, but,a) their own finances are pretty poor at the moment, and b) the T&C's for the crews are pretty poor even by regional airline standards. It would seem an easier option to let BR fold and start again from scratch if Mr W et al. wish to be in the Scottish regional airline game again. Unless, of course, there is any incentive from the Scottish government to save the existing outfit.
I suspect that Lord Glendonbrook will have other fish to fry by now
