If this is serious then the BIG question is WHY?
Ryanair deal very swiftly with competition on their routes - remember what happened when go started operating to DUB from GLA and EDI and at that time neither Scottish airport was served by FR. Suddently FR recinded its policy of not operating from EDI and started operations at low fares and its PIK flights suddenly were at lower fares. One of go's worst decisions and they soon pulled off the routes.
For anyone to seriously start operating in direct competition with FR they must have money to burn or little commercial sense or both!!