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Flybe prepares for summer time return in UK | Information

Flybe is making ready to return to the skies this summer time after the sale of the belongings of the failed airline was accomplished.

The joint directors who have been introduced in following the demise of the regional service have confirmed the take care of a brand new firm affiliated with funding adviser Cyrus Capital. 

The airline, which had a hub primarily based at Exeter Airport and likewise operated flights from Cornwall Airport Newquay, went into administration in March final 12 months – with all flights grounded consequently.

The directors confirmed {that a} new firm, beforehand referred to as Thyme Opco, will now be renamed Flybe Restricted.

The completion of the settlement – which was first signed in October – contains the switch of Flybe jobs in addition to belongings and different components of the enterprise.

Talking in regards to the sale, Flybe Restricted mentioned that it’s hoping to launch planes into the skies once more this summer time.

A Flybe spokesperson added: “We’re extraordinarily excited to announce the conclusion of virtually six months of devoted onerous work by the good workforce at Flybe, the UK Civil Aviation Authority, the European Fee, and the numerous others who made this announcement potential.

“This information represents a vital first step in our mission to perform the first-ever rescue of an bancrupt British airline.

“Topic to additional success with vaccinations and rest of journey restrictions, we plan to launch a brand new and far improved Flybe someday this summer time on lots of our former routes the place there stays a vital want for a robust, dependable, and customer-focused airline.

“Whereas our firm will initially be smaller than earlier than, we intend to develop, create helpful jobs, and make important contributions to important regional connectivity within the UK and EU.”

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