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British airline enters administration, cancels all flights

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British airline enters administration, cancels all flights

admin by admin
January 28, 2023
in Business
Reading Time: 2 mins read
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British airline enters administration, cancels all flights
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Akinwande Soji-Ojo

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British airline, Flybe, has revealed that it had ceased trading and all flights had been cancelled.

The airline disclosed this via a post on its Twitter handle, on Saturday.

“We are sad to announce that Flybe has been placed into administration.

“Flybe has now ceased trading. All Flybe flights from and to the UK are cancelled and will not be rescheduled,” it said.

The United Kingdom Civil Aviation Authority (CAA) advised passengers booked with Flybe not to go to the airport.

The CAA consumer director, Paul Smith, said this in a statement.

“It is always sad to see an airline enter administration and we know that Flybe’s decision to stop trading will be distressing for all of its employees and customers.

“We urge passengers planning to fly with this airline not to go to the airport as all Flybe flights are cancelled,” he said.

Flybe had only returned to the skies in April after it entered into bankruptcy as the coronavirus crisis erupted and destroyed much of the travel market.

It operated up to 530 flights per week on routes from Belfast, Birmingham and Heathrow to cities across the UK, and internationally to Amsterdam and Geneva.

Before it went economic crisis, Flynn was a leader in the UK domestic flights sector.

Its assets were purchased by Thyme Opco, which is linked to US hedge fund Cyrus Capital.

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