Guys, let's try not to head towards Daily Mail comments territory. We're all saddened and angry at the news, but no-one is tearing down statues of Douglas Bader or airbrushing out the word War here.
From everything I've read about it, this has more to do with money than anything else. Reportedly Legends nearly didn't happen for a number of the most recent years due to breakdown in negotiations with IWM. Remember when the dates mysteriously changed a year or two ago?
The current IWM management seem to have been angling at getting their hands on the Summer slot for years so they can put on another bland 'air fair' style show and take all of the profit.
Also, if Flying Legends does end up moving somewhere like mainland Europe (TFC have strong links with La Ferte Alais), you have to look at the CAA and their post-Shoreham knee jerk actions that have done more damage to the UK airshow scene than any protest.