On Wednesday, less than two months after the UK government agreed on a rescue deal, Flybe went into administration. A failing business model and the impact of the coronavirus led to the Flybe collapse. Tweeting to customers ‘DO NOT TRAVEL TO THE AIRPORT unless you have arranged a flight with an alternative airline’ Flybe publicised […]
The boss of British Airways has slammed the UK government’s rescue deal for the regional airline FlyBe with an official complaint filed to the European Commission against the plan. Ministers announced a rescue package for the country’s biggest domestic airline carrier on Tuesday night that includes a £100 million tax deferral to keep Flybe flying. […]
The Regional airline Flybe cancelled dozens of flights from a number of UK airports today, blaming a shortage of pilots. It also confirmed that it was in consultations over job losses as it prepares to cut jet flights in favour of cheaper turboprop planes. The restructure includes ending jet flights from Exeter, Cardiff, Doncaster and […]
Brexit will not be delayed by the coronavirus outbreak, a spokesman for the prime minister has confirmed, saying the UK will not ask for an extension to the transition period which expires on December 31, 2020. However, the outbreak could push the UK’s economy to the brink of recession, warned Goldman Sachs as the number […]
The British airline Flybe has confirmed that it is seeking a buyer weeks after warning shareholders that it was facing a £22m full-year loss. Board members at the Exeter-based operator say they are holding talks with a number of interested parties about a potential sale. Flybe issued a profit warning last month, citing high fuel […]