Flybe Comeback Planned for Spring 2021

Flybe entered administration on 5 March 2020.  All its flights were grounded and the UK airline stopped trading with immediate effect.  At the height of its operations, Flybe was responsible for around 40% of all regional flights in the UK.  In particular the links with KLM long haul flights departing from Schipol Airport in Amsterdam.  There is now a glimmer of hope that Flybe could take-off again in 2021.

Why Flybe Went into Administration

Flybe Spirit of Exeter Fleet
Flybe Spirit of Exeter Fleet © Flybe

 For over a year Flybe had battled to survive.  In February 2019 Thyme Opco (an investment firm owned by hedge fund Cyrus Capital) in a consortium with Virgin Atlantic and Stobart Group (owner of Southend Airport) took control of Flybe.  But this rescue attempt failed.  Flybe was already struggling due to intense competition from other budget airlines, a weak pound and Brexit.

In January the airline appealed to the UK Government for help.  It was allowed to defer air passenger duty but discussions relating to a loan failed.  Ryanair boss, Michael O’Leary led the opposition to a government funding package.  He referred to it as a billionaires’ bailout due to Virgin’s Richard Branson’s part-ownership of Flybe.

The dramatic reduction in passenger numbers due to COVID-19 meant survival became impossible and in March it went into administration with EY.  But the administrators continued to look for a way to rescue the airline.  Now, a former shareholder could be about to agree to a rescue deal.

Flybe De Havilland Canada Dash 8-400
Flybe De Havilland Canada Dash 8-400 © Flybe

What Makes a Revival of Flybe Possible?

Crucial to any rescue of Flybe was the retention of the airline’s licence and its slots.  EY has won a legal battle to keep the carrier’s operating licence.  However, slots may be a problem.  IAG, the parent company of British Airways took over Flybe’s slots at Heathrow when the airline ceased operations.  The administrators challenged their right to these slots.  And the European Commission granted them grandfathering rights on 4 August.

A Flybe plane takes off from Manchester Airport
A Flybe plane takes off from Manchester Airport © REUTERS/Phil Noble

Thyme Opco, acting alone, has reached a deal with the administrators of Flybe.  It has acquired the airline’s remaining assets, including its intellectual property, stock and equipment.  Their spokesperson is optimistic that the airline will re-commence operations in the spring.  He went on to say: “We are extremely excited about the opportunity to relaunch Flybe. The airline is not only a well-known UK brand, but it was also the largest regional air carrier in the EU, so while we plan to start off smaller than before, we expect to create valuable airline industry jobs, restore essential regional connectivity in the UK and contribute to the recovery of a vital part of the country’s economy.”

Subscribe to our Weekly Digest!




More News

Travel Radar
Travel Radarhttps://travelradar.aero/
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]

LEAVE A REPLY

Please enter your comment!


>
Wordpress themeseotakipçi satın alankara implant fiyatları11yol kapanıpassport psdbatman evden eve nakliyatbalkon köşe takımılastik patlatanevden eve nakliyatkartal evden eve nakliyatfatih antika eşya alanlarfenerbahçe antika eşya alanlarnakliyatantika alanlarantika alanlarwoocommerce baselJannah themeeskişehir inşaat şirketlerieskişehir uydu tamirkitap alanlarantika alanlarantika alanlarseoEskişehir uydueşya depolamapgcdpgcdpmsaAccident LawyerDental Implantiqos tereatuzla evden eve nakliyatAntika alan yerlergaziantep evden eve nakliyateskişehir saç protezihayır lokmasıtuzla evden eve nakliyatodunpazarı emlakhayır lokmasıpendik evden eve nakliyatgölcük evden eve nakliyatgölcük evden eve nakliyatistanbul evden eve nakliyatankara evden eve nakliyatbestwhoziporselen kaplama dislerankara diş estetiğidiş teli tedavisimersin evden eve nakliyatEtimesgut evden eve nakliyattuzla asansörlü nakliyatkartal evden eve nakliyatgebze evden eve nakliyatankara evden eve nakliyatankara parca esya tasımaankara gülüş tasarımıankara gülüş tasarımıankara implant fiyatlarıniğde evden eve nakliyatEskişehir yabancı dil okuluvozol 12000puffistanbul saç ekimiankara çıkışlı günübirlik turlarEtimesgut evden eve nakliyatEtimesgut evden eve nakliyatkadıköy evden eve nakliyatmersin evden eve nakliyatçankaya evden eve nakliyatankara parca esya tasımamaltepe evden eve nakliyattuzla evden eve nakliyatankara implant fiyatlarıankara gülüş estetiğiyenimahalle evden eve nakliyaten yakın çekiciAntalya Çittereatereaseo çalışmasıistanbul hayır lokmasıata şehir evden eve nakliyatmaltepe evden eve nakliyatüsküdar evden eve nakliyatmersin nakliyatelektrik taahhüt firmalarıgüneş enerji firmakepenk tamiriİstanbul evden eve nakliyatmaldives casinospoodletereaistanbul hayır lokmasıKartal evden eve nakliyatçankaya evden eve nakliyatataşehir evden eve nakliyatankara ofis taşımacılığıboğazda özel tekne kiralamadiş eti ağrısıtuzla nakliyateryaman evden eve nakliyateskişhir uydu servisieskişhir uydu servisitimepoodlepomeranianzibilyonbet girişraydium market idGaziantep Evden Eve Taşımacılıkdextools trendingdextools trending botdextools trending costdextools trending servicedextools trending algorithmdextools botcoinmarketcap trendingcoinmarketcap trending botpinksale trendingpinksale trending botpancakeswap botuniswap botpancakeswap sniper botuniswap sniper botfront running botfront run botmev botzibilyonbetzibilyonbet girişLibraNewsHair Transplantyks kitaplarıdextools botdextools trending algorithmpinksale trending botprediction botpancakeswap prediction botWordpress themeseotakipçi satın alankara implant fiyatları11yol kapanıpassport psdbatman evden eve nakliyatbalkon köşe takımılastik patlatanevden eve nakliyatkartal evden eve nakliyatfatih antika eşya alanlarfenerbahçe antika eşya alanlarnakliyatantika alanlarantika alanlarwoocommerce baselJannah themeeskişehir inşaat şirketlerieskişehir uydu tamirkitap alanlarantika alanlarantika alanlarseoEskişehir uydueşya depolamapgcdpgcdpmsaAccident LawyerDental Implantiqos tereatuzla evden eve nakliyatAntika alan yerlergaziantep evden eve nakliyateskişehir saç protezihayır lokmasıtuzla evden eve nakliyatodunpazarı emlakhayır lokmasıpendik evden eve nakliyatgölcük evden eve nakliyatgölcük evden eve nakliyatistanbul evden eve nakliyatankara evden eve nakliyatbestwhoziporselen kaplama dislerankara diş estetiğidiş teli tedavisimersin evden eve nakliyatEtimesgut evden eve nakliyattuzla asansörlü nakliyatkartal evden eve nakliyatgebze evden eve nakliyatankara evden eve nakliyatankara parca esya tasımaankara gülüş tasarımıankara gülüş tasarımıankara implant fiyatlarıniğde evden eve nakliyatEskişehir yabancı dil okuluvozol 12000puffistanbul saç ekimiankara çıkışlı günübirlik turlarEtimesgut evden eve nakliyatEtimesgut evden eve nakliyatkadıköy evden eve nakliyatmersin evden eve nakliyatçankaya evden eve nakliyatankara parca esya tasımamaltepe evden eve nakliyattuzla evden eve nakliyatankara implant fiyatlarıankara gülüş estetiğiyenimahalle evden eve nakliyaten yakın çekiciAntalya Çittereatereaseo çalışmasıistanbul hayır lokmasıata şehir evden eve nakliyatmaltepe evden eve nakliyatüsküdar evden eve nakliyatmersin nakliyatelektrik taahhüt firmalarıgüneş enerji firmakepenk tamiriİstanbul evden eve nakliyatmaldives casinospoodletereaistanbul hayır lokmasıKartal evden eve nakliyatçankaya evden eve nakliyatataşehir evden eve nakliyatankara ofis taşımacılığıboğazda özel tekne kiralamadiş eti ağrısıtuzla nakliyateryaman evden eve nakliyateskişhir uydu servisieskişhir uydu servisitimepoodlepomeranianzibilyonbet girişraydium market idGaziantep Evden Eve Taşımacılıkdextools trendingdextools trending botdextools trending costdextools trending servicedextools trending algorithmdextools botcoinmarketcap trendingcoinmarketcap trending botpinksale trendingpinksale trending botpancakeswap botuniswap botpancakeswap sniper botuniswap sniper botfront running botfront run botmev botzibilyonbetzibilyonbet girişLibraNewsHair Transplantyks kitaplarıdextools botdextools trending algorithmpinksale trending botprediction botpancakeswap prediction bot
deneme bonusuCasinoslot girişbig bass bonanza oynaAviator oynasugar rush oynasweet bonanzagates of olympus oynaBahisnowdiyarbet girişCasinoslotwild west gold demo oynaredbullholdenracing.comdenemebonususiteler.commarsbahisMatadorbetMatadorbetEscortSaatlik escortManisa escortGümüşhane escortfethiye escortDeneme Bonusu Veren SitelerDeneme Bonusucasibomcasibom girişŞişli escortizmir escortDenizli escortMalatya Escortşanlıurfa escortHacklinkBeşiktaş escortAtaşehir escortBeylikdüzü escortkadıköy escortcialisViagraBahis siteleriEsenyurt escortbets10masözmasözantalya escortcasibombonusbetturkeyfixbetcasibomessbahisdeneme bonusu veren sitelerdeneme bonusu 2024casibombets10bahisbetapusulabet girişpusulabetbetmatik twitterbaywinGrandpashabetcasibomholiganbetbettilt girişcasibom girişslot siteleridumanbetbetmatikbetkanyonsekabetholiganbetbetmatikcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomJetbahishitbetsahabetsahabetbettiltvdcasinoilbetcratosroyalbettümbetbaywindinamobetelexbetsekabetbetkanyonbetmatikbetinetumbetrexbetgrandpashabet girişgrandpashabet twittergrandpashabetmarsbahisholiganbetholiganbettipobetholiganbetmarsbahisslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibomqueenbetmostbetlunabetmadridbetartemisbetdeneme bonusuCasinoslot girişbig bass bonanza oynaAviator oynasugar rush oynasweet bonanzagates of olympus oynaBahisnowdiyarbet girişCasinoslotwild west gold demo oynaredbullholdenracing.comdenemebonususiteler.commarsbahisMatadorbetMatadorbetEscortSaatlik escortManisa escortGümüşhane escortfethiye escortDeneme Bonusu Veren SitelerDeneme Bonusucasibomcasibom girişŞişli escortizmir escortDenizli escortMalatya Escortşanlıurfa escortHacklinkBeşiktaş escortAtaşehir escortBeylikdüzü escortkadıköy escortcialisViagraBahis siteleriEsenyurt escortbets10masözmasözantalya escortcasibombonusbetturkeyfixbetcasibomessbahisdeneme bonusu veren sitelerdeneme bonusu 2024casibombets10bahisbetapusulabet girişpusulabetbetmatik twitterbaywinGrandpashabetcasibomholiganbetbettilt girişcasibom girişslot siteleridumanbetbetmatikbetkanyonsekabetholiganbetbetmatikcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomcasibomJetbahishitbetsahabetsahabetbettiltvdcasinoilbetcratosroyalbettümbetbaywindinamobetelexbetsekabetbetkanyonbetmatikbetinetumbetrexbetgrandpashabet girişgrandpashabet twittergrandpashabetmarsbahisholiganbetholiganbettipobetholiganbetmarsbahisslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibomqueenbetmostbetlunabetmadridbetartemisbet