The Exeter-based airline could start flying again early next year following the deal agreed with hedge fund firm Cyrus Capital. The airline that employed 2,000 people and flew over nine million passengers a year, according to Statista, went into administration in March with all routes from Exeter and Newquay airports cancelled. But it was announced on Monday morning that subject to certain confidential conditions, this new deal is expected to allow the business to restart operations under the Flybe brand in early 2021. Administrators said they will work together with Thyme Opco, the company associated with Cyrus Capital who completed the deal, the Flybe management team and the UK Civil Aviation Authority to prepare for the relaunch of the airline’s operations. A spokesperson for Thyme Opco added: “We are extremely excited about the opportunity to relaunch Flybe. The airline is not only a well-known UK brand, it was also the largest regional air carrier in the EU, so while we plan to start off smaller than before, we expect to create valuable airline industry jobs, restore essential regional connectivity in the UK, and contribute to the recovery of a vital part of the country’s economy.”
Regional airline Flybe – which collapsed with the loss of thousands of jobs – is set to be revived after being bought out by one its former shareholders
6 months ago
1 Min Read

You may also like
BREAKING • SOUTHAMPTON
Police Appeal for information following a burglary in Chandlers Ford
September 20, 2016
BREAKING • LONDON • WEST LONDON
Police called to stabbing on Portobello Road in West London
10 months ago
BREAKING • BROMLEY • EXCLUSIVE • KENT
Armed Police descend on to Orpington Road after woman brandishes a weapon
January 8, 2020
BREAKING • HOO • KENT • ROCHESTER
Flames could be seen shooting 100ft into the air at Hoo Blaze
8 months ago
BREAKING • HOME COUNTIES
M1 Northbound Remains Closed at Northampton after HGV Horror Smash
November 22, 2017
BREAKING • EXCLUSIVE • HAVANT • PORTSMOUTH
Havant recycling centre on Police lockdown
April 16, 2019