Flybe, former Norwich Airport flight provider, at 'risk of collapse'

Andrew Cummings
January 14, 2020

Virgin Atlantic founder Sir Richard Branson was last night facing a backlash amid fears he and fellow investors could pull the plug on Flybe less than a year after coming to its rescue. In Guernsey it is much less with only two out of the total number of 13 year round routes.

Noting that the government had been briefed on a potential crisis at Flybe, Sky News said that both the business and transport departments have been considering providing or facilitating emergency financing for Flybe.

Flybe said: "We don't comment on rumour or speculation".

Belfast City Airport declined to comment but did say it was "business as usual for Flybe" at the airport.

Flybe operates around 75 aircraft, serving over 80 airports across the United Kingdom and Europe. Founded as Jersey European Airways in 1979, the airline carries around eight million passengers a year.

'It's therefore very concerning that 12 months after the new owners promised to keep Flybe going we are faced again with the airline potentially going bust'.

BALPA, the British Airline Pilot Union, has urged the United Kingdom government to do "whatever it takes" to ensure Flybe's survival.

Along with Stobart Group, which owns Southend Airport, and hedge fund Cyrus Capital Partners, the consortium has invested tens of millions of pounds in the troubled carrier, but losses have continued to mount.

It flies to 14 United Kingdom destinations from Belfast City, more than any other airline and makes up 90% of all flights from the airport.

Otherwise you can try to retrieve the money from your credit card company, if that's how you paid.

Those stuck overseas might be left hoping that the government will direct the CAA to step in, as it did when Monarch and Thomas Cook went under, to bring back stranded passengers for free.

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