The rumour (caution rumour) that seems to be gathering a lot of pace is that BACF will be 'integrated' from IATA Summer 2013 due to be announced after Christmas guess we will have to wait and see unless anyone has any more concrete info??
Can't see a takeover all the big players are trying to distance themselves from regional operations.
Only other thing I have heard potentially is the much talked about Loganair/Suckling/Regional tie up as either a Flybe franchise like Loganair or Flybe Scotland and using Flybe's huge options on the ejets to replace Regional's 135/145's who knows???
Anyway purely speculation on a Sat afternoon