- As a result of insolvency proceedings, Flybe has ceased to trade and is no longer able to fly or accept bookings.
- Passengers who have a flight booked with Flybe today or in the future are advised not to travel to their airport, unless they have booked alternative arrangements.
- Passengers should visit the Civil Aviation Authority (CAA) website (www.caa.co.uk) and the Company website (www.flybe.com) for further information.
- Support is being provided to Flybe employees.
Alan Hudson, Joanne Robinson, Simon Edel and Lucy Winterborne of EY’s Restructuring team were today appointed Joint Administrators of airline Flybe Limited (Flybe or the Company). The appointment was made by Court under the provisions of paragraph 12 of Schedule B1 to the Insolvency Act 1986 and the Company has ceased to trade.
As a result, all Flybe flights booked for today and in the future have been cancelled and unfortunately it has been necessary to make the majority of the workforce redundant. Financial support for the Company has been withdrawn and Flybe will not be able to reschedule flights.
The initial priority of the Administrators is to support Flybe employees and work closely with the Civil Aviation Authority (CAA) to help inform and advise Flybe customers.
Passengers who have a flight booked with Flybe today or in the future are advised not to travel to their airport, unless they have booked alternative arrangements, and to visit the Civil Aviation Authority (CAA) website (www.caa.co.uk) and the company website (www.flybe.com) for further information.
Flybe is an independent British-based airline headquartered in Exeter. It is the largest independent regional airline in Europe carrying around 8 million passengers a year between 81 airports across the UK and the rest of Europe, with over 210 routes across 15 countries. It employs approximately 2,400 staff across the UK.
Alan Hudson, Joint Administrator, said: “Despite an agreement with the Government to provide assistance to the Company, added pressures on the travel industry in the last few weeks have further deepened the severity of its financial situation. Flybe had already been impacted by rising fuel costs, currency volatility, and market uncertainty.
“As well as carrying out our duty as Administrators, we are also supporting Flybe’s employees and customers at this incredibly difficult time.”