Flybe could collapse within days

A Flybe Bombardier Dash 8 Q400 (Image: TransportMedia UK)
A Flybe Bombardier Dash 8 Q400 (Image: TransportMedia UK)

According to the Sky News struggling regional airline, Flybe has warned the UK Government that it could collapse within days if it doesn’t receive emergency funding.

Flybe has been seeking a commercial loan from the government but talks around this idea appear to have come to an end without a solution.

Like many airlines, Flybe is also now facing a drop-off in bookings due to the Coronavirus (COVID-19) outbreak and that combined with its already weak position leaves it highly vulnerable to enter administration.

According to Sky New’s sources the airline is in last-ditch talks with the Government and shareholders to stave off collapse.

Airlines across Europe have faced a drop off in demand with many inclouding British Airways, Ryanair and Easyjet reducing their flying schedules inline with falling demand.