Flybe Airline enters Administration

News

Regional airline Flybe goes into administrationFlybe Airline has gone into administration in a statement that the company had discontinued operations and will no longer be operating any flights to or from the United Kingdom in the early hours of January 28.

Affected travellers were instructed by the company to postpone going to the airport until they had booked alternate flights with another operator.

According to Flybe, “David John Pike and Michael Robert Pink were appointed by the High Court on January 28, 2023, as Joint Administrators to assist in overseeing the business, property, and affairs of Flybe Ltd, in line with the powers and duties included in the order appointing them.

Regional airline Flybe goes into administration as travellers warned of cancellations

As the regional airline halted operations, Flybe has cancelled all of its scheduled flights, according to officials. Two Flybe flights from Edinburgh have been cancelled: one to Belfast and one to Birmingham. This evening’s flight from Glasgow to Birmingham has also been impacted.

On Flybe’s online flight status live tracker at 5am, three early flights from Belfast, two from Birmingham, and two from Amsterdam were all displaying as “planned on time.”

UK CAA’s statement on Flybe administration

“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,” said Paul Smith, Consumer Director at the UK Civil Aviation Authority, in a statement published on the Civil Aviation Authority website.

“All Flybe flights are cancelled, thus we strongly advise travellers planning to fly with this airline to stay away from the airport. Customers of Flybe should check the Civil Aviation Authority’s website or our Twitter account for the most recent guidance, he added.

Interpath have been appointed administrators

Administrators have been appointed from Interpath’s David Pike and Mike Pink. Flybe has since stopped operating. All Flybe flights into and out of the UK have been cancelled, and no new dates will be offered.”

It happens after Flybe, which had previously collapsed, started flying again in April. When it came back, it had a plan to fly up to 530 flights a week on 23 routes, stopping at airports such Belfast City, Birmingham, East Midlands, Glasgow, Heathrow, and Leeds Bradford.

In March 2020, Flybe was forced into administration, costing 2,400 jobs, as the Covid-19 outbreak decimated significant portions of the tourism industry.

Prior to going out of business, it served the most domestic UK airports outside of London.

Thyme Opco, a company connected to the American hedge fund Cyrus Capital, acquired its operations and assets in April 2021.

Flybe Limited replaced the name Thyme Opco. It was headquartered at Birmingham International Airport.

Read more: Your rights if an airline goes bust

Flybe to wind down as rescue talks collapse

A month after cancelling all flights and initiating insolvency procedures for the second time in three years, British small airline Flybe announced on Wednesday that it would close its doors after rescue discussions broke down.

According to David Pike, managing director at Interpath and joint administrator of Flybe, “it was clear from the outset that there was only a limited number of parties who had the necessary strategic fit and who could navigate the complexities of such a transaction to get a (rescue) deal over the line.”

Birmingham Based Flybe laid off 276 employees in late January 2023 after new administrators were appointed.

Pike, who works for Flybe alongside Interpath coworker Mike Pink, has noted a number of surprises since the airline’s relaunch, not the least of which was the late arrival of 17 aircraft from lessors, which seriously hampered its efforts to rebuild capacity and maintain competitiveness.

A further 25 employment will now be impacted, according to Flybe, which operated flights on 21 routes to 17 locations around the UK and Europe.

Read more: Black Storm Brewery appoints administrators

Insolvency & Restructuring Expert at Business Insolvency Helpline | + posts

With over three decades of experience in the business and turnaround sector, Steve Jones is one of the founders of Business Insolvency Helpline. With specialist knowledge of Insolvency, Liquidations, Administration, Pre-packs, CVA, MVL, Restructuring Advice and Company investment.