Flybe has announced that Chief Executive Officer Christine Ourmières-Widener is standing down from 15th July 2019 following the sale of the airline to Virgin Atlantic led consortium Connect Airways Limited. Ms Ourmières-Widener joined Flybe in 2016 and under her stewardship of the regional airline saw it decline from a profitable [read more]
Flybe is to close its ejet bases at Cardiff (CWL/EGFF), Doncaster (DSA/EGCN) Airports and end ejet flights from Exeter (EXT/EGTE) and Norwich Airports (NWI/EGSH) at the end of Summer 2019. In documents seen by us, the airline has told its pilots that the decision follows a “critical review of the [read more]
A Flybe flight from Exeter Airport (EXT/EGTE) to Alicante (ALC/LEAL) was evacuated this morning after the pilot reported a problem with the “air conditioning” as the aircraft was about to take off. Flight BE4321, operated by Embraer ERJ195 G-FBEJ, had lined already lined up on the runway when there were [read more]
Blue Island Airways (SI/BCI) will launch a new direct service between Jersey, Channel Islands (JER/EGJJ) and Newquay, Cornwall (NQY/EGHQ) from 3rd June 2019. The three-time-weekly flight will operate under its partnership with Flybe and will use flight numbers BE6540/6541. It will be operated by a Blue Island Airways ATR42 turboprop [read more]
Flybe (BE/BEE) has announced that it has completed the sale of its operation, include all the companies assets, to Connect Airways Ltd, A consortium led by Stobart Group and Virgin Atlantic. The announcement came just hours before the deadline for the sale which was awaiting approval from the European Commission. [read more]
In what could be yet another blow to the plan to sell Flybe to Connect Airways, a group led by Stobart Group and Virgin Atlantic, MESA Air Group has submitted an offer to the board. The consortium led by Bateleur Capital and Mesa Air Group is understood to have offered [read more]
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]
The parent company of Frontier Airlines, Indigo Partners, has said it plans to buy a stake in struggling WOW Air following the collapse of the takeover bid from Icelandair. The US based private equity firm already owns a stake in several budget airlines including European carrier Wizz Air. WOW Air [read more]
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