Connect with us

Hi, what are you looking for?

United Kingdom

Flybe collapses as coronavirus fears halt state loan

Ailing airline Flybe has collapsed after a government rescue bid failed.

It’s the first British company to close because of coronavirus.

Europe’s biggest regional airline went into administration after the government turned down a £100 million state loan.

Advertisement

It’s said shareholders were “bogged down” in an industry-wide crisis caused by the Covid- 19 virus.

Also, they were unwilling to help each other.

The UK Civil Aviation Authority tweeted shortly after 3am:

“Flybe has entered administration.

“All Flybe flights are cancelled.

“Please do not go to the airport as your Flybe flight will not be operating.

“For flights operated by franchise partners, passengers should make contact with their airline.

“Flybe customers are urged to make their own alternative travel arrangements via other airlines, rail or coach operators.”

In a statement, chief executive Mark Anderson said the company had made “every possible attempt” to avoid collapse but had been “unable to overcome significant funding challenges”.

He said: “The UK has lost one of its greatest regional assets.

“Flybe has been a key part of the UK aviation industry for four decades, connecting regional communities, people and businesses across the entire nation.

“I thank all our partners and the communities we have been privileged to serve. Above all I would like to thank the Flybe team for their incredible commitment and dedication.”

 

Comments

Latest Tweets

London Globe

UK and EU formally adopt new Brexit Windsor Framework deal. london-globe.com/european-uni… zpr.io/wwbDF4e2r3kG #news #

Advertisement

You May Also Like

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...

European Union

On April 9, 2022 Dimash Qudaibergen’s first solo concert in Germany took place in Düsseldorf. The colossal energy and the atmosphere of unity did...