VSbulletin - Flybe enters administration

Last published on 29/5/2020


We are deeply disappointed that Flybe has been unable to secure a viable basis for its continuing operations and has therefore entered administration.

 

Virgin Atlantic, along with Stobart Group and Cyrus Capital Partners, formed the Connect Airways consortium which intervened in 2019 to prevent the collapse of Flybe and keep Europe’s largest regional airline flying. With customers and staff at the front of our minds, over the past 14 months the consortium has invested more than £135m to keep the airline flying for an extra year, maintaining 2,400 people in employment and ensuring customers could keep travelling. This amount includes approximately £25million of the £30 million committed in January 2020, alongside a Time to Pay arrangement with HM Treasury for Air Passenger Duty to the value of £3.8 million.

 

Sadly, despite the efforts of all involved to turn the airline around, not least the people of Flybe, the impact of COVID-19 on Flybe’s trading means that the consortium can no longer commit to continued financial support.

 

As a priority we are looking at options to provide support to Flybe staff and to assist any affected customers.  Further VSbulletins will be issued providing options for impacted customers with Virgin Atlantic (932) issued tickets.

 

Impacted customers with Flybe (267) issued tickets should refer to the Civil Aviation Authority website at www.caa.co.uk for more information.

 

If you have any questions about this, please contact Sales Support at sales.support@fly.virgin.com or on +44 344 2097705.

 

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