In my reference against Easyjet, I'm aware that to some people, a company valuation of £32m sounds like some gi-normous global multinational company. The point I'm trying to make is to gain some measure of context against another UK airline which a) other people here will recognise and b) has reliable public information, and show that for a airline with lots of aircraft, plenty of employees and which flies a lot of people every day, Flybe's value is a long way from megabucks.
I could probably have chosen a comparison against other airlines, but I'm struggling to find an alternate European airline listed on a stockmarket that would make a better comparator.