They should try for something like the Sukhoi Superjet or Cseries or E-Jets and have a fully fitted business class etc (ala BMI) and try to pick up where BMI left off but on a much lesser scale.
Nice as it would be for them to get a shiny Sukhoi, CRJ or E-jet, word on the street suggests an old BAe146 might be on the cards. Lots of management used to fly them so possibly influencing the decision.
Vey wise words davidjohnson6 but its not easy moving on from the Emb145, especially if you want to stay in the UK.