Cash-strapped regional airline Flybe (BE/BEE) is facing a legal challenge to its sale to Connect Airways Ltd, A consortium led by Virgin Atlantic and Stobart Group. The challenge is being led by Hosking Partners who are also seeking to oust Flybe chairman Simon Laffin and replace him with Eric Kohn. [read more]
Struggling regional airline Flybe (BE/BEE) is to be rescued by a consortium involving Sir Richard Branson’s Virgin Atlantic and the Stobart Group. Flybe put itself up for sale two months as cash levels were putting the airline’s operations at serious risk and it realised that a take-over was the only [read more]
Monarch Aircraft Engineering Limited (MAEL) has terminated its contract to maintain Flybe aircraft after concerns about the airlines ability to pay. Flybe, which recently put itself up for sale, is reportedly short of available cashflow following a downturn in profits and sources close to situation said that MAEL had asked [read more]
Leading UK airline Virgin Atlantic has confirmed it is in talks with Flybe about a potential takeover. The talks come after the airline put itself up for sale after concerns were raised about it’s susceptibility to cash flow demands from creditors and payment processors following multiple profit warnings. It is likely [read more]
Regional airline Flybe (BE/BEE) has launched its Black Friday sale with 100,000 seats available for £25 one-way. From now until the 26th November 2018 these flights can be booked for travel between the 8th December 2018 and 27th March 2019. Flybe flies to destinations across Europe from leading UK airports [read more]
The skies ahead currently look very dark for regional airline Flybe (BE/BEE) as it puts itself up for sale following severe profit warnings. The struggling airlines latest results show a decline of 54% in its pre-tax profits, down to just £7.4m, revenue also dropped by over 2%. According to its [read more]
Exeter based regional airline Flybe has issued a profit warning today warning of pre-tax losses totalling £22m The airline has been hit by rising fuel prices, a weak pound and a reduction in consumer demand. Actual losses however will actually be around £12m as the airline is ending expensive lease [read more]
Flybe has announced two new appointments this week as it takes on board a new Chief Technical Officer and an external chair for its Safety and Security Committee. New Chief Technical Officer Rob Pendle joins Flybe from the Bristow Group where he was Director of Global Maintenance & Chief Technical Officer [read more]
Flybe is ending a number of routes at London Southend Airport (SEN/EGMC) as low-fares rivals Easyjet & Ryanair increase their presence at the Essex airport. Routes been terminated include Budapest, Glasgow, Manchester, Milan, Prague and Vienna and they will end at the end of October. Flybe is currently undergoing restructuring [read more]
Regional airline Flybe (BE/BEE) has become the latest airline to launch an initiative aimed at attracting women into aviation but FlyShe goes beyond the flight deck. FlyShe is being spearheaded by Flybe’s CEO Christine Ourmières-Widener, the UK’s only female airline CEO, and is aimed at inspiring the next generation of [read more]
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