MAG
A modular approach is sensible, given a few rather worrying straws in the wind e.g. Redcar Steel closure, JCB looking to close 4 plants. I still hold that it's a rather more public issue than say Peel given the ownership, but we can agree to differ on that one.
Incidentally, I found your posting re Ryanair above to be on the mark with regards to the change in business model.