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Bloomberg
Flybe Group Plc the distressed British carrier, is to be wound down after attempts to sell the struggling business failed.
The regional airline had already ceased operations and cancelled all of its flights in
January after collapsing into administration, a form of insolvency proceedings. It was the second failure for Flybe which previously halted operations in 2020 when the pandemic wiped out demand for air travel.
Although there were sale discussions with a number of “credible parties†it was not possible to conclude a deal “in the available timeframe,†said administrators at Interpath Advisory in a statement. Part of the problem with the sale was complexity around “use it or lose it†rules related to landing slots.
Flybe operated flights from Heathrow, Britain’s busiest airport, to places such as Amsterdam and Belfast.