4 hours ago by forbes.com
UK regional carrier Flybe has ceased operations and gone into administration with immediate effect, as announced by a curt letter shared via the airline’s Twitter account. read more...
The struggling airline has seen a collapse in bookings and has still not secured a £100 loan.
UK airline Flybe has officially entered administration.
In a statement, the company said that all flights have been grounded and that the business has ceased trading with immediate effect.
LONDON — British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry’s first big casualty of the coronavirus outbrea…
Rolling coverage of the latest economic and financial news, including the collapse of regional airline Flybe
UK airline Flybe has officially entered administration.
Airline grounded with customers told not to travel … boy found murdered after gang seen with baseball bats … and how one man dug himself a home
LONDON/SINGAPORE (Reuters) - The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world. The warning from the
The collapse puts 2,400 jobs at risk and marks the first collapse of an airline since the outbreak of Covid-19.
The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, as regional UK carrier Flybe collapses.
Flybe has gone into administration after the regional airline struggled to raise funds, and bookings dropped off due to coronavirus.
Before its sudden demise Thursday, Flybe was Europe’s largest independent regional airline.
The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned Thursday, more than three times a projection it made just...