flybe

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]

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]