Source link Today, it has been confirmed that regional UK airline Flybe has ceased trading, and many of its flights have been cancelled.
In a statement, the UK’s largest regional airline — which serves mainly domestic routes — said it had been forced into administration following failed attempts to alleviate financial pressures.
It is estimated that up to 2,000 jobs are now at risk as a result of the airline’s collapse.
Speaking about the situation, a spokesperson for the Civil Aviation Authority said: “Passengers due to travel with Flybe will now not be able to do so. Following the statement from Flybe, we ask that all passengers check the CAA’s website for more information and advice.”
Given the airline’s financial uncertainty, the government had requested an extension of the Air Passenger Duty for Flybe that would offer reprieve from some of the pressures causing its struggles. Unfortunately, this attempt to save the airline was unsuccessful.
John Glen MP, Economic Secretary to the Treasury, expressed his disappointment at today’s news: “We worked closely with Flybe’s shareholders to explore any possible options to keep the company operating, including contributions from Flybe’s shareholders and agreeing to provide a short-term Extension of the Air Passenger Duty (APD) relief.
“Regrettably, it was not possible to reach a solution, and Flybe has now entered administration.”
The CAA has vowed to do everything it can to lessen the disruption that Flybe’s ceasing of trading will cause to passengers. Passengers who have booked flights with the airline are urged to check the CAA’s website for more information.
This news will affect countless travellers across the UK who depend on the integral services that Flybe provides.
