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Flybe, Europe's largest regional airline, collapses two months after government announces rescue
Source: The Guardian
Flybe collapses two months after government announces rescue
Impact of coronavirus on flight bookings proves final straw for Europe’s largest regional airline
Gwyn Topham Transport correspondent
@GwynTopham
Thu 5 Mar 2020 03.21 GMT
Last modified on Thu 5 Mar 2020 04.27 GMT
Flybe, Europe’s largest regional airline, has collapsed into administration less than two months after the government announced a rescue deal.
The impact of the coronavirus on flight bookings proved the last straw for the Exeter-based airline, which operates almost 40% of UK domestic flights, as the government stalled on a controversial £100m loan.
The UK Civil Aviation Authority announced early on Thursday morning that the airline had entered administration.
It said all flights were cancelled and urged passengers not to go to airports.
-snip-
Impact of coronavirus on flight bookings proves final straw for Europe’s largest regional airline
Gwyn Topham Transport correspondent
@GwynTopham
Thu 5 Mar 2020 03.21 GMT
Last modified on Thu 5 Mar 2020 04.27 GMT
Flybe, Europe’s largest regional airline, has collapsed into administration less than two months after the government announced a rescue deal.
The impact of the coronavirus on flight bookings proved the last straw for the Exeter-based airline, which operates almost 40% of UK domestic flights, as the government stalled on a controversial £100m loan.
The UK Civil Aviation Authority announced early on Thursday morning that the airline had entered administration.
It said all flights were cancelled and urged passengers not to go to airports.
Link to tweet
-snip-
Read more: https://www.theguardian.com/business/2020/mar/05/flybe-collapses-two-months-after-government-announces-rescue