The intellectual property, stock and equipment of the U.K. airline Flybe have been purchased by a firm associated with Connect Airways that owned the airline at the time of its administration in March of this year. BBC News reports that Thyme Opco is linked to the hedge fund company Cyrus Capital which was the majority shareholder in the consortium. Cyrus held 40% of the shares in Connect with Virgin Atlantic and Stobart Aviation owning 30% each. A Thyme Opco spokesperson…
After years of uncertainty the airline Flybe, which has been operating UK domestic and European short-haul flights, has gone into administration after 40 years of operation. In a letter to the 2,400 airline employees, chief executive Mark Anderson said: " Despite every effort, we now have no alternative - having…
The U.K. government’s decision this week to defer a reported £100m ($130m) in Air Passenger Duty (APD) payments from Europe’s largest regional carrier Flybe has been met with celebration and criticism. The deal has given the airline, which is owned by a consortium including Virgin Atlantic's parent company, the opportunity…
After years of uncertainty surrounding the future of regional carrier Flybe, the end of 2019 was supposed to bring closure to what had been a turbulent decade. The airline is moving into the new year with a new owner as well as a new name, or so it seems. It…
Two days after announcing a rebranding to Virgin Connect in 2020 and the offer of “more choice for customers through improved connectivity between UK regional airports, "the chief executive officer of Europe’s largest regional carrier, Flybe, has stated that the airline may cease flying on some routes in the future.…
Flybe, one of United Kingdom's biggest regional carriers, has announced that it will rebrand as Virgin Connect in 2020. The announcement was made by Mark Anderson, Connect Airways CEO in a corporate event held on October 15. The announcement is a major step as the airline becomes part of the…
Christine Ourmieres-Widener, the CEO of U.K. regional airline Flybe, has announced that she will leave the airline on July 15 after overseeing Flybe's sale to a consortium which includes Virgin Atlantic and Stobart Air. Ourmieres-Widener has been in the role since January 2017 after holding senior leadership positions at CityJet…
Last weekend, British regional carrier Flybe began flying between Newquay Airport in Cornwall and London's Heathrow Airport, in a continuous effort to connect small towns and cities across Britain with the world via the London hub. Flights are set to run throughout the year, with four frequencies each day, offering…
British long-haul carrier Virgin Atlantic is actively looking to broaden its profile on both sides of the Atlantic Ocean. The efforts are based on two pillars aimed at strengthening cooperation with other transatlantic carriers and for connecting flights within Europe. To this end, Virgin Atlantic is working with Delta Air…
The Flybe Group has announced an agreement for the sale of the airline to a consortium of airlines. The announcement was made at the beginning of the week with the new owner, Connect Airways, purchasing the airline for £2.8 million ($3.2 million). Connect Airways is made up of Virgin Atlantic…
