Regional airline Flybe at risk of collapse

Daniel Fowler
January 13, 2020

News that Flybe airline is on "the brink of collapse" could put in jeopardy connecting flights announced by City of Derry Airport last November.

Exeter-based Flybe is one of the largest regional airlines in Europe, and handles around half of all United Kingdom domestic flights outside of London.

The airline - which handles over 50 per cent of the UK's domestic flights is attempting to secure additional funding amid mounting losses.

Loganair confirmed that the partnership still stands but would not comment on "rumours regarding Flybe".

Responding to an initial report by Sky News, a Flybe spokeswoman said: "Flybe continues to focus on providing great service and connectivity for our customers, to ensure that they can continue to travel as planned".

The turnaround strategy was prompted by a takeover of Flybe by Connected Airways - a consortium consisting of Virgin Atlantic, Stobart Group and Cyrus Capital.

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Flybe operates around 75 aircraft, serving over 80 airports across the United Kingdom and Europe.

Flybe flies 8.5 million passengers each year to 170 European destinations.

Some 2,000 jobs are said to be at risk.

The government is said to have been warned of the possibility that thousands could be left unemployed by the collapse of the airline.

Thomas Cook, the world's oldest travel operator, collapsed into administration in September, leaving 150,000 holidaymakers stranded and putting 9,000 jobs in the United Kingdom at risk.

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