To exit... Pretty much as you've said!
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Red Express is a strange one though considering it's not all that long ago that the MP for Ramsbottom was proclaiming that funding had been secured and it was 'here to stay', plus the commuter journeys regularly fill a decker. I still say it's the most neglected service Transdev operate. Never promoted or advertised and always shunned for the X43.
In the before times (ie, pre covid) Accrington independent PilkingtonBus drew up plans for a more direct service to Manchester from Accrington. I always thought they'd be a good operator to replace Transdev should they back out of the RedEx, though with all the changes over the past couple of years I'm not sure if it'd be too much of a risk for them.