Flybe: the airline ceases trading cancel all flights
On Saturday, British airline Flybe halted trading for the second time in three years, canceling all flights and 276 staff being redundant.
A statement on Flybe’s website said the airline operated scheduled services from Belfast, Birmingham and Heathrow across the UK. and to Amsterdam and Geneva. has entered administration which is a form of protection from creditors
“Flybe has now ceased trading. and all flights to and from the UK operated by Flybe have been canceled and will not be rescheduled,” the statement said.
It advises people who have to fly not to travel to the airport.
An Interpath Advisory administrator spokesman said about 75,000 Flybe customers have future bookings that will now not be honored.
Headquartered in Birmingham, Flybe operates flights on 21 routes to 17 destinations across the UK and EU. using a leased fleet of eight Q400 turboprop aircraft
Interpath’s David Pike and Mike Pink are joint administrators of Flybe.
Pike said Flybe has managed to withstand multiple shocks since its relaunch last year. No less than the late delivery of 17 aircraft from the lessor. That greatly undermines efforts to build capacity back and remain competitive.
He said the scaled-back elements of Flybe’s operating platform will be preserved for a short time while there is the possibility of assisted transactions. He encouraged interested parties to contact them urgently.
An Interpath spokesperson said Flybe’s workforce is 321, of which 45 remain at present.
The UK Civil Aviation Authority (CAA) said it would provide advice and information to affected passengers.
CAA Consumer Director Paul Smith said: “It is always sad to see an airline take over. And we know that Flybe’s decision to stop trading will cause embarrassment to all employees and customers,” CAA consumer director Paul Smith said.
affected by the COVID-19 epidemic In the UK, Flybe fell into administration for the first time in March 2020, affecting 2,400 jobs.
In October 2020 it was sold to Thyme Opco Ltd, a company controlled by Cyrus Capital, and in April 2022 it resumed flying, albeit on a smaller scale.
Flybe’s death is in stark contrast to the post-pandemic surge in demand for air travel.
Low-cost carriers Ryanair, Europe’s largest airline, and Britain’s easyJet reported record bookings for their summer holidays. This is a sign that consumers are still eager to travel despite the recession.
Louise Haigh, a transport spokesperson for the opposition Labor Party, said Flybe’s collapse was “bad news” for workers and customers.
“Passenger protection is not strong enough. And ministers have sat idly for years and failed to introduce long-promising airline bankruptcy legislation,” she said.