At present FlyBe only serves Aberdeen and Edinburgh from LHR (Newquay and Guernsey end in MArch)

It has a bigger presence at LCY and only one flight (at present) from LGW - the Newquay flight that moves there in March

Where it will help DL is at Edinburgh and Manchester (where VS is expnding) and offering UK and EU connections (in addition to those offered by Af-KL to CDG and AMS). And would be possible to link to the seasonal DL flight to GLA

So on the surface it offers little but when you get granular there is more than first meets the wye

As to the ownership VS only owns 30% of Flybe. 30% is owned by Stobart and the remaing 40% by a venture capital firm