One of Britain’s biggest regional airlines is expected to be placed into administration this week, with the company’s boss citing the impact of coronavirus as sounding the death knell for the group.
Flybe has been operating more domestic flights within the United Kingdom than any other airline since 1979.
The company attempted to stave off a collapse in January this year, engaging in negotiations to secure additional funding to keep planes running.
However, in an email sent to staff, Flybe chief executive Mark Anderson confirmed the airline “is shortly being put into administration”.
“Despite every effort, we have no alternative – having failed to find a feasible solution to allows us to keep trading,” British news outlet Devon Live quoted Mr Anderson’s staff email as saying.
He said Ernst & Young is expected to be appointed as administrators. He also thanked staff for their “unwavering commitment and support” for the company’s customers.
“I do appreciate how distressing this news is and the shock and numbness that you will be feeling,” Mr Anderson said in his email.