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!
