According to documents seen by Sky News, administrators for the collapsed regional carrier Flybe have said that there is not enough money left in the business to implement the Government-backed Coronavirus Job Retention Scheme. The Government backed scheme allows employers to give furlough staff and pay 80% of the wages [read more]
Eastern Airways (T3/EZE) will be operating as an independent airline again following the collapse of Flybe last week. The airline had previously operated as a Flybe Franchise partner with tickets being sold via the Flybe website but the collapse left many passengers due to fly on Eastern Airways flights in [read more]
Scottish airline Loganair (LM/LOG) has stepped in to safeguard 16 key routes that were left without an operator when Flybe collapsed yesterday. The new routes will see Loganair add nearly 400 flights per week to its schedule. The routes are all Loganair’s hubs at Aberdeen, Edinburgh, Glasgow, Inverness and Newcastle [read more]
Several key regional airports have been left decimated by the collapse of regional airline Flybe (BE/BEE) in the early hours of this morning. As a regional airline, Flybe connected smaller airports across the UK with some having over 90% reliance on the brand. Southampton Airport (SOU/EGHI) In 2019, 95% of [read more]
Struggling regional airline Flybe (BE/BEE) has entered administration tonight after failing to reach a rescue deal with its shareholders or the UK Government. In a statement, Flybe said: “CEO Mark Anderson has expressed his deep regret that, after making every possible attempt to secure the airline’s long-term future, Flybe has [read more]
It appears that regional airline Flybe (BE/BEE) is in the process of entering administration with numerous reports of Flybe aircraft being parked on remote stands and being blocked in by airport vehicles. Flybe has also cancelled flights from airports including Birmingham were passengers were told that their flights would not [read more]
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 [read more]
The Government taking a stake in struggling regional airline Flybe (BE/BEE) is one option being considered as its discusses the options with the airline’s owners, Connect Airways Ltd and the European Commission. It recently emerged that the Government has been considering loaning the airline £100m of taxpayers money but in [read more]
Ryanair’s Cheif Executive Officer Michael O’Leary has accused the government of being misleading in its bailout of struggling regional airline Flybe. In an open letter to Chancellor of the Exchequer Sajid Javid, Mr O’Learly calls Flybe a “loss-making turkey” saying it was not a “viable business with genuine short-term difficulties” [read more]
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]
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