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]
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]
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]
Willie Walsh has announced that he is to stand down as Chief Executive Officer (CEO) of British Airways Parent, International Airlines Group (IAG). The former British Airways CEO was key to the formation of IAG which was created when British Airways merged with Spanish carrier Iberia. Mr Walsh has at [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]
With the collapse of Thomas Cook earlier this week it left a lot of cabin crew without jobs and facing an uncertain future. Many airlines including Ryanair have said they will fast track applications from Thomas Cook crews but which UK airlines are actually recruiting? TUI Airways UK TUI Airways [read more]
Thomas Cook is reportedly in last-ditch talks to sell off its Nordic Airline as well other aspects of the business to raise the cash needed to stave off collapse of the UK’s oldest tour operator. According to Sky News, insider sources have said that the company is exploring all possible [read more]
Delta Airlines (DL/DAL) is set to return to Manchester Airport (MAN/EGCC) next year as it starts to share the Manchester to Boston Route (BOS/KBOS) with Virgin Atlantic. Delta is set to begin flying the route from 21st May 2020 and it has now been confirmed that the route will be [read more]
Planned strikes by ground staff at London Heathrow (LHR/EGLL) have been suspended to allow workers to vote on a new pay deal. Talks continued between the Unite Union and Heathrow Airport throughout Monday with a new deal being offered to workers. Staff will now vote on whether to accept the [read more]
The Flybe brand will start to disappear form airports after the European Commission (EC) approved the takeover of its business by Connect Airways Ltd, a group led by Virgin Atlantic and Stobart Group. Flybe turned from a profitable regional airline into an airline on the verge of collapse under the [read more]
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