Less than a year after being bailed out, troubled airline Flybe is now in ‘survival talks’ putting over 2,000 jobs at risk.
Flybe, Europe’s biggest regional airline which handles 50% of the UK’s domestic flights outside London, is once again in deep waters according to industry reports. Over the weekend, reports have surfaced that the airline is at risk of collapse and is said to be locked in survival talks, amidst accumulating losses.
The government was also briefed of the situation and advised to facilitate “emergency funding”.
Earlier in March 2019, Cyrus Capital, Stobart Group and Virgin Atlantic have purchased Flybe’s assets, with promises of providing GBP 100 million to save the airline. Flybe is expected to be re-branded as ‘Virgin Connect’ later this year.
However, an official statement from F…
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