It is now hoped that Flybe will return to the skies in time for summer.
All being well, Flybe could be back flying this summer following the sale. Credit: ITV West Country
A spokesperson for the airline said: We are extremely excited to announce the conclusion of almost six months of dedicated hard work by the great team at Flybe, the UK Civil Aviation Authority, the European Commission, and the many others who made this announcement possible.
Today’s news represents a critical first step in our mission to accomplish the first-ever rescue of an insolvent British airline.
Flybe spokesperson
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Flybe could resume flying its former routes including the Isle of Man. The collapsed carrier s assets and business have been acquired by new company affiliated with investment adviser Cyrus Capital. The new business aims to relaunch flights this summer. Flybe carried around 8 million passengers a year between 81 airports including Ronaldsways prior to being placed in administration following Covid-19 industry disruption. A Flybe Limited spokesperson added: “We are extremely excited to announce the conclusion of almost six months of dedicated hard work by the great team at Flybe, the UK Civil Aviation Authority, the European Commission, and the many others who made this announcement possible.
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