As I've said before, the RYR exit could be a new opportunity for CODA and the NW.
If you can get FlyBe onto a MAN route it would mean suddenly CODA is a one-stop hop to places like Hong Kong, Beijing and Singapore as well as the European network and all the other codeshares that they do out of MAN. Now that would be a real boost for the local economy as none of that is currently possible.
Maybe CODA up to the present has been too focused on cheap as chips point to point - and it patently hasn't worked.
Opportunity rather than threat.