Aer Arann were already operating the Aer Lingus Regional franchise before they went into examinership. In fact it was Stobart who pushed for Aer Arann to focus on the franchise as they knew that's where the profit was. This focus on the franchise is what led to routes like Waterford-Luton being axed as there more money to be made elsewhere. Notwithstanding the risks associated with putting all your eggs into the one basket, the decision to focus on the franchise is why the company is in such a healthy state now.