Whats the market cap of Flybe these days? Less than a 100m I would guess. AL has net cash of many times that. So buy 51% of Flybe or whatever it takes to get control and then the FR "remedies" package is dead in the water.
Shame though that it will waste more money getting rid of FR. In todays prelim results I think it was €10m spent this year alone defending the takeover. Probably not much change from €50m in total so far.