Struggling Flybe Airline confirms it is up for sale [Update: Flybe goes into admin]

[arista]

Massive debts



https://e3.365dm.com/17/06/1096x616/9198c5ed6d4e2cff3785a870cb49b6e877e3e81d72efbcbb0c 5f8e852913a53d_3973228.jpg?bypass-service-worker&20170608104601



https://news.sky.com/story/struggling-flybe-confirms-it-is-up-for-sale-11553746


[Shares in struggling airline Flybe have surged after it put itself up for sale amid turbulence
caused by currency volatility and higher fuel costs.
Flybe's stock soared by as much as 39% in early trading after it said it was
"in discussions with a number of strategic operators about a potential sale of the company",]


[The carrier did not disclose the names of any potential buyer, though one is likely to be Stobart Group,
the owner of Southend Airport, which abandoned a previous bid earlier this year.]



Sign Of The Times

[arista]

SkyNewsHD business reporter
just said VirginAtlantic is now in talks
to save Flybe Airlines UK


https://news.sky.com/story/virgin-atlantic-in-surprise-bid-to-take-off-with-flybe-11560548

[Beastie]

Good old Richard Branson stepping up his game!

[arista]

[Flybe rescued by Virgin Atlantic and Stobart Group
in £2.2m takeover
The struggling operator was hit by turbulence
from currency volatility, rising fuel costs
and Brexit-related uncertainty.]

[Although small in financial terms,
Flybe remains one of the UK's
best-known airline brands,
carrying thousands of passengers
between mainly regional UK airports
as well as European destinations.]

https://news.sky.com/story/flybe-rescued-by-virgin-atlantic-and-stobart-group-in-22m-takeover-11604242



Saved but at a low price

[Cherie]

[Flybe rescued by Virgin Atlantic and Stobart Group
in £2.2m takeover
The struggling operator was hit by turbulence
from currency volatility, rising fuel costs
and Brexit-related uncertainty.]

[Although small in financial terms,
Flybe remains one of the UK's
best-known airline brands,
carrying thousands of passengers
between mainly regional UK airports
as well as European destinations.]

https://news.sky.com/story/flybe-rescued-by-virgin-atlantic-and-stobart-group-in-22m-takeover-11604242



Saved but at a low price

:joker: what a pun

[arista]

https://news.sky.com/story/regional-airline-flybe-in-frantic-bid-to-stave-off-collapse-11907407


[Regional airline Flybe in
frantic bid to stave off collapse
The government is assessing whether
it can help to prevent the collapse of
one of the UK's biggest airlines]

Around 2,000 jobs now at risk.


Flights are still going on
today.

[arista]

Flybe
wants Government to help with their Tax bill.

If they help?
Flybe will become a Virgin Airline.

Ref: SkyNewsHD Business Reporter.

[arista]

Johnson PM
has agreed to Defer /Delay their Tax bill
keeping Flybe afloat


https://news.sky.com/story/government-reaches-agreement-to-save-flybe-11908700

[Crimson Dynamo]

if they go under lots of people who live in cornwall but work in London will have to move out. bad news for Cornwall this

[arista]

Virgin Airlines Major Share Holder
is to inject more Cash.

[Twosugars]

Buy it Arista

[arista]

Buy it Arista


No I am glad I did not.


As it is now trying to hang on
until next Weds Budget in Parliament
but sadly due to the Virus Covid 19

they may go under before next weds,
due to lack of customers.

Ref: Live Business Report SkyNewsHD

[arista]

Covid 19
The Killer of this Airline.

The Website is no longer working
Admin due to be appointed

[Cherie]

Their bookings were down by 50 per cent compared to March last year, this is going to hit regional airports hard

[bots]

95% of Southampton flights were flybe .... so it's ****ed unless someone buys it out of receivership. I wouldn't be surprised if Virgin take it on in a reduced format

[Cherie]

95% of Southampton flights were flybe .... so it's ****ed unless someone buys it out of receivership. I wouldn't be surprised if Virgin take it on in a reduced format

I hope so, Belfast and Aberdeen will also be in trouble

[arista]

95% of Southampton flights were flybe .... so it's ****ed unless someone buys it out of receivership. I wouldn't be surprised if Virgin take it on in a reduced format


Of course
that was the plan
Flybe was meant to become Virgin Connect.


Many other planes are flying half empty
all due to Covid 19 Virus.

[arista]

Ryan Air Confirmed on SkyNewsHD
he would take over some routes of Flybe.

[arista]

Flybe: all flights cancelled as airline ceases trading

28th of Jan 2023


[Regional airline Flybe has ceased trading
and all its scheduled flights have been cancelled,
the UK Civil Aviation Authority has announced.
“All Flybe flights have now been cancelled.
Please do not go to the airport as flights
will not be operating,” the authority said
in a statement early on Saturday.

“Flybe customers who still need to travel
will need to make their own alternative
travel arrangements via other airlines,
rail or coach operators,” it said.

The airline said David Pike and Mike Pink
had been appointed joint administrators
and confirmed that all flights to and from
the UK were cancelled and would
not be rescheduled.]

https://www.theguardian.com/business/2023/jan/28/flybe-all-flight-cancelled-as-airline-ceases-trading

[bots]

they only lasted 6 months after being rebooted. The business shouldn't have been re-started

[arista]

they only lasted 6 months after being rebooted. The business shouldn't have been re-started


Yes could be the case

[Flybe was pushed into administration
in March 2020 with the loss of 2,400 jobs
as the Covid-19 pandemic destroyed
large parts of the travel market.

It then returned to the skies with a plan
to operate up to 530 flights
a week across 23 routes,
serving airports such as Belfast City,
Birmingham, East Midlands, Glasgow,
Heathrow and Leeds Bradford.

Before it went bust it flew the most UK
domestic routes between airports
outside London.

Its business and assets were purchased
in April 2021 by Thyme Opco,
which is linked to US hedge fund
Cyrus Capital.
Thyme Opco was renamed Flybe Limited,
based at Birmingham Airport.]

[Vanessa]

I've never heard of it.
Post COVID the travel industry has really struggled.
I feel sorry for all involved. It's not easy.

[arista]

I've never heard of it.
Post COVID the travel industry has really struggled.
I feel sorry for all involved. It's not easy.


500 flights a week

You could go Heathrow to Amsterdam
that would be Funky for you

[arista]

Ryan Air
will be offering Rescure Fares
for any on the Northern Ireland route
£30

For any stranded


BA and other airlines
are offering the Professional workers
of Flybe a new Job.


Ref: Simon Calder talking from Türkiye

[Vanessa]

I quite like Ryanair. I've never had any problems with them.

[arista]

I quite like Ryanair. I've never had any problems with them.


Good to hear.


The other airlines are happy to take Flybe's routes
I hope their Great Planes can also be re-used.

[MTVN]

Shame because they were very important at connecting regions it was otherwise difficult to fly to/from

Its annoying with air travel that it's so affordable from London but can be so expensive everywhere else in the country and the cost of getting to a major airport by train is huge, more expensive than the flight itself most of the time