Flybe planes might start taking off from British airports again early next year after administrators said they had agreed a rescue deal for the collapsed airline. Thyme Opco has bought Flybe’s remaining assets and plans to restart the airline, although on a smaller scale than before. The new owners are linked to Cyrus Capital, which … Read more
Flybe could take-off again ‘smaller than before’ in 2021 after administrators agree rescue deal with former shareholder Flybe was responsible for about 40% of all regional UK flights at its height Airline travel has been one of the worst-affected sectors by the coronavirus Thyme Opco, Virgin Atlantic and Stobart Group did buy Flybe in February 2019 … Read more
Ground crew at Aberdeen airport removed chocks from Flybe jet’s wheels allowing it to roll across the tarmac when its brakes failed and smash into Loganair plane, accident report reveals Flybe jet was sent rolling across the tarmac at Aberdeen Airport when ground crew removed wheel supports It collided with a Loganair plane at a … Read more
Former Flybe shareholders preparing legal action over claims they were misled about airline’s performance before it was sold in cut-price deal Several dozen retail investors want a judge to decide if former directors put out inaccurate statements The shareholders’ investments were wiped out after they received just 1p per share when it was sold in … Read more
A former owner of Flybe has criticised the Government for failing to bail out the regional airline in January – just months before issuing hundreds of millions of pounds to a rival that opposed the rescue deal. Flybe investors said the airline could have played a key role in Boris Johnson’s ‘levelling up’ strategy for … Read more
Branson engulfed in crisis at Flybe just a year after Virgin teamed up with Stobart and Cyrus Capital to snap up airline on the cheap By James Salmon for the Daily Mail Published: 21:50 BST, 13 January 2020 | Updated: 21:50 BST, 13 January 2020 Richard Branson’s Virgin airline teamed up with Stobart Group and hedge … Read more
In the end, Flybe’s fall was no surprise, though the announcement undoubtedly shocked some. The carrier only just managed to avoid its life support machine being switched off in January. But the coronavirus outbreak was just too much for the airline, and at 3:30 am on Thursday, it announced it had gone into administration. The … Read more
Why Flybe collapse means you should check your travel insurance smallprint: A third of holidaymakers wouldn’t be covered if an airline goes bust Flybe announced it has gone into administration A third of travellers wouldn’t be covered by insurer for airline failure We reveal what passengers can do to claim their money back By Grace … Read more
Coronavirus will push the economy to the brink of recession, experts warn, as FTSE 100 falls for the first time this week by 1.75 per cent to 6,696 in the wake of the collapse of FlyBe Britain’s blue-chip index opened slightly up, but reversed gains and fell by 1.75% Signs of economic damage continues to … Read more
Flybe customers have been told not to travel to the airport today in texts sent in the middle of the night after the airline collapsed putting 2,000-plus jobs at risk and leaving thousands of passengers stranded across the UK. All the regional airline’s flights from 12 UK airports including hubs at Birmingham, Manchester and Exeter have … Read more