Navpi.....Flawed analysis regarding management & Greybull Capital...
As to other analysis put forward & attempting not to appear callous,with the demise all the cards are up in the air now with regard not only use of terminals at MAN as you argue but also a bigger picture with possible "churn" around a number of airports.
Business tho has a great habit of eventual self remedy & settling down to a or the new staus quo..All will be only hypothesis for now..
The main asset in the mix at the present time which airline groups are interested are the flight deck crews..