I'm not sure what benefit IAG would get from buying them unless they are genuinely interested in the UK regions again. People keep mentioning the LHR slots but IAG would get them back. Even with feed virgin arent a threat to them.
Looks like British Airways owner IAG has officially joined the race to buy Flybe
Yes, in 2007 Flybe bought BAConnect from BA and promptly axed a number of routes. For example, the five-aircraft BAConnect base at BRS was closed and nearly all the routes were discontinued.From what I remember BA hived off their regional routes to Flybe years back, I can't see why they would be suddenly interested again.