Normal operations as Flybe reportedly on brink of collapse
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Flybe is reported to have entered into survival talks for emergency financing on Sunday night with the British Government amid financial difficulties.
Sky News reports that accountancy firm EY has been put on standby to help the airline through the administration process if needed. The airline’s large domestic network struggles to compete on some of its routes with road and rail land-based alternatives.
In a tweet on Sunday, Flybe implied that the news of its potential demise is only rumour and speculation.
As of Monday afternoon, Flybe flights are operating as normal, and there is currently no sign of future cancellations.
Should the airline go under, passengers who purchased tickets directly through the airline would not covered by ATOL. If you booked with a travel agent, it would be worth checking whether you are protected or not through your agency.
Should Flybe go under, it would be a second devastating loss to the U.K. aviation industry in only a few months, following the collapse of Thomas Cook.
According to ITV, the Exeter-based airline, which operates 75 aircraft and employs more than 2,000 staff — is Europe’s largest regional carrier, flying eight million passengers a year.
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