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When flights between BHD and LHR started many years ago they were operated by Loganair using BAe146s.
Loganair (a Bmi subsidiary at that time) was used because of the runway limitations at BHD and its BAe 146 was ideal for short runways such as we have at LCY.
Flybe operated BHD-LGW with one of its smaller commuter aircraft than the high capacity A320s/B737s utilised by the big LCCs.
But Flybe is unlikely to return to LGW right now. As I mentioned above, it sold its LGW slots for a reported £20 million because it needed the cash.
Yes it is true that Aer Lingus operates larger A320s on its routes to London but does it face payload restrictions ex-BHD ? Is it able to sell all the seats on the aircraft ?
According to routesonline.com the reason why Ryanair quit BHD was because of the runway. The short runway meant its B737-800s had to carry 16 fewer passengers per rotation and the range was limited.
Yield is all-important for LCCs and Ryanair, operating ex-BHD, would not want to be at a disadvantage to EZY ex-BFS.