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If you want an accurate answer, the States bought the airline to secure the slots (which it can't own or buy). The reason for that, from recollection, was to secure a lifeline link to London which was/is potentially under threat, the loss of which would have serious repercussions for the island. That includes the finance industry, which like it or not (and I don't particularly) is a key contributor to the local economy. But it is not the only local sector and/or aspect of local life that would have suffered. I personally don't want to be reliant entirely on FlyBE for my travel, and make no mistake that was the other option!