The funny thing is that I have been retired for many years and do not want to get involved in starting another air service ( I didn't say airline?) but I along with a couple of other old timers do have a European Operating Licence at our disposal, access to aircraft and a potential investor airport to make things happen.
Given a choice I would love to see a new operator on the route but as Phileas rightly says the fear is NQY will go the way of others when Flybe leave.
Do not right off airports in London "not allowed commercial flights", sole use charters are allowed aren't they?