Regional airline Flybe reborn as assets sold to new company by administrators
Exeter-headquartered airline went belly-up in 2020 but new firm aims to start flights again in 2021
14:04, 14 APR 2021
Updated
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The Flybe name could take to the skies again this Summer after administrators for the failed firm completed the sale of its business and assets to a new business.
FLYBE, which had a major presence at Southampton Airport, will return to the skies after administrators said they had completed the sale of the collapsed airline. Thyme Opco has bought Flybe’s business and assets, and plans to resume flights this summer, although on a smaller scale than before. Having struggled for years, the Exeter-based carrier was pushed into administration in March 2020 as the Covid-19 pandemic destroyed large parts of the travel market. It resulted in the loss of 2,400 jobs across the country. The firm had bases at UK airports such as Aberdeen, Belfast City, Manchester and Southampton, and flew the most UK domestic routes between airports outside London.
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