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Flybe Set to Fly Again a Year After Collapse

After regional airline, Flybe, went into administration in March last year, the sale of the airline has been completed! 

The assets of the airline have been sold off to a new company affiliated with investment adviser Cyrus Capital. The new business previously known as Thyme Opco will now be renamed Flybe Limited.

The new deal will see the transfer of a number of Flybe jobs as well as assets and other parts of the business.

The launch of a new Flybe will enhance regional connectivity across the UK and create new job opportunities within the airline industry.

A Flybe Limited spokesperson has commented, “Today’s news represents a critical first step in our mission to accomplish the first-ever rescue of an insolvent British airline.”

“Subject to further success with vaccinations and relaxation of travel restrictions, we plan to launch a new and much improved Flybe sometime this summer on many of our former routes where there remains a critical need for a strong, reliable, and customer-focused airline.”

We look forward to welcoming Flybe back to the skies!

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