The UK Government has called in financial experts as they look to provide bailout loan to struggling regional airline Flybe rumoured to be in excess of £100m. According to Sky News financial restructuring experts, Alvarez & Marsal have been brought in to work out the terms of the deal for [read more]
Eastern Airways (T3/EZE) has announced it is to create Flybe Franchise links from Teesside Airport (MME/EGNV) from February 2020 creating a 3-aircraft base. The Lincolnshire Headquared airline will create links from the airport formerly known as Durham Tees Valley to London City, Belfast City, Dublin, Southampton, the Isle of Man [read more]
The government-brokered deal to save the regional airline Flybe (BE/BEE) is a misuse of public funds according to the head of International Airlines Group (IAG), Willie Walsh. Mr Walsh has written to Transport Secretary Grant Shapps stating that “Prior to the acquisition of Flybe by the consortium which includes Virgin/Delta, [read more]
Regional airline Flybe (BE/EEE) has reached a deal with its principal investors Virgin Atlantic, Stobart Group and Cyrus Capital, to inject more money into the struggling airline to avoid its collapse this week. The deal was reached with the help of the UK Government who have agreed, as a matter [read more]
The Government is considering cutting Air Passenger Duty (APD) on domestic flights in a bid to save regional airline Flybe (BE/BEE). It is understood that Flybe currently owes around £100m in unpaid Air Passenger Duty but deferring it would be seen as state-aid under EU regulations meaning the only viable [read more]
Flybe has asked the government to help it defer a massive Air Passenger Duty (APD) bill in a bid to help it avoid the collapse of the airline. The bill is understood to run into millions of pounds but deferring it would be classed as state-aid and a breach of [read more]
Sources close to regional airline Flybe (BE/BEE) have confirmed that the airline is in talks to try and secure additional finance to avoid a total collapse of the carrier just a year after it was bought Connect Airways Ltd. The Department of Transport (DoT) has been briefed on the situation [read more]
UK regional airline Flybe (BE/BEE) is to begin a consultation over redundancies amongst staff at it’s Exeter Head Office according to internal communications from the airlines new owners Connect Airways. The message to staff from Connect Airways CEO Mark Anderson says that as part of the streamlining of the airline [read more]
Loganair (LM/LOG) and Flybe (BE/BEE) have announced that they are entering into a new codeshare agreement which will allow customers to book flights via either airline. The deal comes 2 years after Flybe and Loganair ended their franchise agreement, something which sparked Loganair’s rapid growth as a leading regional airline [read more]
The Flybe name is set to disappear from airports in 2020 as new owners, Connect Airways Ltd, rebrand the airline as Virgin Connect. As we reported earlier this year, the new owners had always planned to rebrand the regional airline after rescuing it from near collapse and the new name [read more]
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