The news will come as a double blow to many staff members who joined the airline having previously worked at the original Flybe.
Passengers who have flights booked with Flybe will have to make alternative arrangements for flights including those due on return flights and will have to claim through their insurance to get their money back.
In advice on its website the Civil Aviation Authority (CAA) says: “The UK Civil Aviation Authority has issued further advice to UK consumers impacted by Flybe entering Administration on 28 January 2023.
“If you booked directly with Flybe and paid by credit card you may be protected under Section 75 of the Consumer Credit Act 1974 and should contact your card issuer for further information. Similarly, if you paid by debit or charge card you should contact your card issuer for advice as you may be able to make a claim under their charge back rules.
“If you purchased travel insurance that includes cover for scheduled airline failure, known as SAFI, you should contact your insurer. If you did not book directly with Flybe and purchased your tickets through a third party, you should contact your booking or travel agent in the first instance.”
Full CAA information can be found here: Further advice to UK consumers impacted by Flybe entering administration | Civil Aviation Authority (caa.co.uk)